3948 E Delight Street
About This Property
The home boasts 3 bedrooms, and 2 and a half bathrooms, with the third bedroom privately tucked away from the others, including its own half bath. The living area, with an open floor plan, has been thoughtfully upgraded with beautiful luxury vinyl flooring, offering both durability and style. The light and airy kitchen, which has been fitted with plenty of newer cabinetry and counter space, makes meal prep a dream. Breathe in the fresh air of the morning and evening, relaxing with your drink in the large screened in lanai out back. Enjoy the Florida lakeside lifestyle, with a boat launch conveniently located right down the road. This wonderful home, in a friendly neighborhood, is located just minutes from shopping, dining, and outdoor recreation. A fantastic opportunity for anyone seeking a peaceful yet vibrant community. Whether you're a first-time buyer, looking to downsize, or ready to make your dream move, this property has it all.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| May 27, 2025 | In contract | - | |
| In contract | |||
| May 15, 2025 | Price Decreased |
$275,500
↓ $20K
(6.6%) | |
| Price Decreased | |||
| Apr 11, 2025 | Price Decreased |
$295,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Mar 19, 2025 | Relisted | $305,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017