5039 Marla Drive
About This Property
The pristine split floor plan provides both comfort and functionality. Located in a vibrant community.... with fantastic amenities, including a pool, spa, clubhouse with billiards, ping pong, a gym, card games, and plenty of social events. Conveniently close to Downtown Delray Beach and Boca Raton, offering shopping, dining, arts, music, golf, pickleball, beaches, and boating. Places of worship are within walking distance.
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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 Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017