5480 Palm Ridge Boulevard
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 24, 2021 | Sold | ||
| Sold | |||
| Oct 5, 2021 | No longer available | - | |
| No longer available | |||
| Oct 5, 2021 | Listed by Sutter & Nugent LLC | $389,999 | |
| Listed by Sutter & Nugent LLC | |||
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This Delray Beach canal home is 5 miles from downtown! Fully fenced property. No HOA- bring your boats, trailers, ATV's! Private, Quiet Lot with no rear neighbors at end of street. Well maintained 3BR/2BA home in private location at end of street adjacent to a canal. Spacious open floor plan with granite counters, laundry room, wood burning fireplace and spacious master bath. AC is brand new. Exterior freshly painted.
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| Sep 9, 2021 | Listed by Berkshire Hathaway Florida Realty | $409,999 | |
| Listed by Berkshire Hathaway Florida Realty | |||
| Jul 1, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017