3504 Diane Drive
About This Property
Special Features:
-South Eastern Exposure
-Expansive decking over the wide canal
-Large Covered Boat Dock with Lift
-Seawall & Cap in excellent condition
-Direct access to waterspouts (Canoeing, kayaking, paddle boarding, Jet Skiing, & Motor boating from Private Dock)
-Fishing is Superb with Occasional Charter Boats passing, pulling in Peacock, Large & Small Mouth Bass.
- ESPN has done a show about the bass fishing from this homes boat dock
- Split Bedroom Floorplan
-Expansive Tall Ceilings in the Living & Dining Room Area
- Whirlpool bath with shower
- 3 Outdoor Storage Areas
- 18 Palm Trees Adorn the Property with Numerous Tropical Plantings
- Short Drive to Downtown Delray, The Beaches, & Numerous Shops and Restaurants
- Fantastic neighborhood to walk & bike in with sidewalks on both sides of the street
- COMING SOON, New Bridge at the north end of the canal, to replace the Culvert. Approved and in the budget for Boynton Beach in 2024.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 6, 2024 | Sold | ||
| Sold | |||
| Oct 26, 2023 | Listed by Coldwell Banker Realty /Delray Beach | $1,299,000 | |
| Listed by Coldwell Banker Realty /Delray Beach | |||
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About Lake View Haven
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017