Beautifully updated 5-bedroom, 3-bath, 3-car garage home with over
3,900 sq. ft. in charming Cocoa Pine Estates. Ideally located just
10 minutes from downtown Delray Beach and the Atlantic Ocean, this
home combines luxury, comfort, and convenience. The remodeled
kitchen features quartzite countertops, solid wood cabinetry, and a
custom wine room with dual-zone wine refrigerator. Recent updates
include a new roof (2025), impact windows, solid-core doors, remote
UV-blocking shades downstairs, upstairs wood flooring, and a 2020
water heater. Retreat to the expansive primary suite with custom
walk-in closet and unwind in the spa-inspired bath with
freestanding tub and walk-in shower. Private backyard oasis
features an oversized pool, new pool heater, inviting gazebo, and
low-maintenance turf.
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.
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