Waterfront living awaits in this one-story villa situated in Delray
Beach. Bright, welcoming, and truly move-in ready, this beautifully
maintained 2 bed/2 bath villa offers an open, airy layout with high
ceilings and a wonderfully spacious feel. Nestled in one of
Delray's most loved communities, it's the perfect place to enjoy
the relaxed South Florida lifestyle. You'll love being minutes from
I-95, the Turnpike, Atlantic Avenue's great dining and shopping,
and Delray's award-winning beaches. Las Verdes offers amazing
resort-style amenities, including 24/7 gated security, three pools,
hot tubs, 4 pickleball and 2 tennis courts, a fitness center, a
clubhouse, billiards, ping-pong, and scenic walking paths. Bright,
welcoming, and truly move-in ready, this beautifully maintained
2-bed/2-bath villa offers an open, airy layout with high ceilings
and a wonderfully spacious feel. Nestled in one of Delray's most
loved communities, it's the perfect place to enjoy the relaxed
South Florida lifestyle. You'll love being minutes from I-95, the
Turnpike, Atlantic Avenue's great dining and shopping, and Delray's
award-winning beaches. Las Verdes offers amazing resort-style
amenities, including 24/7 gated security, three pools, hot tubs,
pickleball and tennis courts, a fitness center, clubhouse,
billiards, ping-pong, and a scenic walking path. With an active
social scene and friendly neighbors, this is a fantastic
opportunity to enjoy comfort, convenience, and coastal living at
its best.
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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