543 Canoe Point
About This Property
Delray Lakes is THE place to be, not only because is the ONLY gated community east of 95 in Delray but also the neighbors and the amenities are amazing. Resort lifestyle community including; lighted tennis courts, heated community pool, playground, picnic area, community boat ramp and boat storage. LOW HOA includes: ADT monitored Alarm System, High Speed Internet, Cable TV including premium channels. 1 Mile from the beach, you can bike pretty much everywhere. Lake Ida park is right next door and it's great place to the kiddos or you puppies. Come check it out, we are always available to show.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017