5409 Buchanan Road
About This Property
Solid, concrete block home on huge lot! Located on a quiet street in the back section of ''Country Club Acres''. Beautiful Terrazzo floors. Brand new homes being built 1 street over. There is a large room to the left that could be used as a ''3RD BEDROOM'' It was utilized as an office space and workshop by the previous owners. This room has a separate, private entrance. Completely fenced in back yard with a utility shed out back. Located close to shopping, schools, I-95, & downtown Delray Beach. Very clean, light and bright home. Ready for a new family! Voluntary Hoa of $50/year.
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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.
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 Country Club Acres
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$7,900 /mo
- 3 Beds
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- 2,071 ft²
$8,500 /mo
- 3 Beds
- 3 Baths
- 2,092 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017