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409 Francesca Ridge Road
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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%.
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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 |
|---|---|---|---|
| Aug 24, 2026 | In contract | - | |
| In contract | |||
| Aug 17, 2026 | Price Decreased |
$689,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Jun 9, 2026 | Listed by Compass Florida LLC | $699,000 | |
| Listed by Compass Florida LLC | |||
| Apr 17, 2026 | Price Decreased |
$735,000
↓ $15K
(2%) | |
| Price Decreased | |||
| Mar 19, 2026 | Listed by Douglas Elliman | $750,000 | |
| Listed by Douglas Elliman | |||
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Welcome to this beautifully updated Mirabella model in Estates at Heritage Club, offering style, comfort, and convenience in a prime location. This 3-bedroom, 2.5-bath home features a thoughtful floor plan with an oversized primary suite and a downstairs flex space perfect for entertaining or a play room. Upgrades include a new appliance package, updated powder room, new AC, and fresh interior and exterior paint. Enjoy a fully turfed backyard for low-maintenance outdoor living. Just minutes from Downtown Delray Beach and the ocean, this home embraces the sought-after golf cart lifestyle with easy access to dining, shopping, and nightlife. Additional highlights include custom closets throughout. Community improvements include a newly surfaced pool and new playground coming soon. Upgrades Include: Custom closets, powder room, turfed yard, new AC, Painted house, new fixtures.
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About Gulf Stream Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017