5181 Casa Real Drive
About This Property
Beautiful premium long lake view home located in the much desired BelAire gated community. Completely remodeled, Kitchen and Bathrooms, Flooring ETC. New wine bar installed with built in wine rack and 2 wine coolers. Both bedrooms are on opposite ends of the house creating lots of privacy. Both Baths have been fully remodeled. 1 car garage corner unit with tons of room to entertain and Barbecue. Great open floor plan with tons of storage. Huge Elegant Main Bedroom with amazing water views and over sized walk in closet. Beautiful walk in shower with overhead rain feature. Spectacular covered and screened patio with a long lake view. MOVE IN READY! Full Accordion Hurricane Shutters, Tile roof replaced in 2006!**Located close to Atlantic Ave, shopping, Beache Bel Aire boasts first class amenities that include clubhouse, pool, tennis courts, club room and library. Bel Aire is located close to downtown Delray Beach offering fine dining in upscale restaurants, shopping and close to the beach. A+ school district.
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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.
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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