379 Coral Trace Lane
About This Property
* Comcast Digital HD Basic Cable is included in Maintenance Fee.
* Basic Alarm Monitoring through ADT is included in Maintenance Fee.
* 2 Pets maximum with a combined weight of 60 lbs maximum.
* Plenty of guest parking.
* Gated neighborhood with an unmanned gate with key-fob or transponder entry for residents, gate call-box phone entry for guests.
* Very close to everything with a East-Central Location in Delray Beach.
* Updated pool deck area, clubhouse & gym.
* Room for a private pool in the backyard (must independently verify with HOA for approval).
* Very quiet neighborhood.
* Two lighted tennis courts (Close at 9 or 10 pm).
* Updated Playground for kids.
* Billiard Room, Library/Card Room, Gym and Social Room with Kitchenette located at Clubhouse.
* Meticulously maintained neighborhood.
* Lawn Care/trimming included in Maintenance Fees.
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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.
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About Coral Trace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017