Beautiful ranch-style POOL HOME tucked away in a quiet,
well-maintained and centrally located Delray Beach neighborhood
with only 35 homes! This 3BD/2BTH residence features a desirable
split-bedroom floor plan and an impressive list of upgrades
including 2021 ROOF, BRAND NEW A/C and Pool Pump, IMPACT GLASS
WINDOWS, and IMPACT FRENCH DOORS. The gourmet Kitchen showcases
real hardwood cabinetry, quartz countertops, a modern glass
backsplash, center island, stainless steel appliances, tons of
storage and is open to the family room. The formal dining room sits
adjacent to the formal living space, featuring vaulted ceilings,
abundant natural light and a stunning Real Coral Bar with granite
countertop - perfect for your entertaining needs. The spacious
Primary Suite offers vaulted ceilings, walk-in closet with
built-ins and a beautifully renovated ensuite featuring floor to
ceiling marble in the shower, and a stone top vanity. The
generously sized guest bath has also been updated with dual sinks
and tile flooring. Step outside through the French doors to a
screened patio and private IN-GROUND HEATED POOL with child safety
gate, surrounded by a fully fenced yard with lush landscaping and
mature trees. Additional highlights include keyless entry, Ring
cameras, sprinkler system w/ rain gauge, newer toilets, full size
interior laundry room and an oversized 2-car garage. Ideally
located just minutes from vibrant Atlantic Avenue, beautiful
beaches, fine dining, shopping, entertainment and everything Delray
Beach has to offer!
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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