Beautifully updated lakefront home in desirable Delray Villas!
Features include a newer roof 2018, NEW 2025 A/C, 13KW tankless
water heater, whole-house 3-stage water filtration system, impact
glass windows, LED lighting, granite countertops, and wood
cabinetry. Enjoy tranquil lake views from the screened and covered
patio - perfect for relaxing or entertaining. Bright, modern, and
move-in ready with quality upgrades throughout. Delray Villas is an
active adult community offering clubhouse amenities, pool, fitness
center, tennis, pickleball, and a convenient Delray Beach location
close to shopping, dining, and beaches.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017