43
Map
4340 Frances Drive
About This Property
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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 |
|---|---|---|---|
| May 28, 2024 | No longer available | - | |
| No longer available | |||
| Feb 24, 2024 | Price Decreased |
$1,275,000
↓ $120K
(8.6%) | |
| Price Decreased | |||
| Sep 13, 2023 | Listed | $1,395,000 | |
| Listed | |||
| | |||
|
Welcome to your piece of Florida heaven! Spacious 3 bed/3 bath home on 3/4+ acre lot with mature oak and mango trees. Updated baths, lighting, and family room/bar, with room for expansion and a pool. Kingsland is a community of only 51 estate homes, on 1/2 to acre+ lots. This safe, family community has only two entrances - no traffic in the neighborhood other than residents and guests. Includes roof solar panels (fully owned), standby generator and transfer switch installed. Electric bill averages only $24-29/month! Only 10 minute/4 mile drive to Downtown Delray and the beaches. Major road improvements planned for Barwick Rd, to include bike lanes and improve traffic patterns. No HOA! A 90 day post-closing occupancy agreement will be drafted for the current owner/tenant.
| |||
| May 10, 2021 | Sold | ||
| Sold | |||
| Nov 16, 2020 | Listed by JSM Realty International Inc. | $675,000 | |
| Listed by JSM Realty International Inc. | |||
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About Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017