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542 Canoe Point
About This Property
Close in location to Atlantic Avenue, downtown Delray and the beach. -- Maximum of 2 pets, no leasing first year of residency, buyer/tenant approval required. Short walk from Lake Ida Park + Dog Park, a 189+ acre county Park with a 2+ mile walking/biking/running path following the shoreline. Also a dog park, picnic pavilions, shelters, boat launches and trailer parking, canoe/kayak launches, restrooms, overlooks and playgrounds.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Sep 17, 2024 | Listed by Keller Williams Realty Services | $799,000 | |
| Listed by Keller Williams Realty Services | |||
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Great opportunity for one of the larger models in this east Delray gated community on interior location ready for renovations - cash purchasers only - roof is at end of life with some active roof leaks - property needs various repairs - priced accordingly. HOA dues included security system monitoring and Xfinity internet. -- Community of Delray Lakes boasts community pool, pickle ball/tennis courts, children's playground, private boat storage and a dedicated ramp for homeowners with easy access to Lake Ida and walking distance to Lake Ida Park!Close in location to Atlantic Avenue, downtown Delray and the beach. -- Maximum of 2 pets, no leasing first year of residency, buyer/tenant approval required.
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| Jun 24, 2008 | Sold | ||
| Sold | |||
| Feb 26, 2007 | Sold | ||
| Sold | |||
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About Delray Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017