6114 Heliconia Road
About This Property
A LAKE VIEW. ABSOLUTELY MOVE-IN READY. CAN BE RENTED RIGHT AWAY MINIMUM 6 MONTHS MAXIMUM RENTALS 2 A YEAR. YARD & 24 HOUR MANNED GATE INCLUDED IN THE HOA AS WELL AS BASIC CABLE. FABULOUS RECREATIONAL FACILITIES. CLUBHOUSE WAS UP-DATED 3 YEARS AGO. LIVE SHOWS, CARD GAMES, FUNCTIONS, HOBBIES ROOM, FITNESS CENTER TENNIS COURTS & 2 POOLS. CLOSE TO SHOPPING ETC & 15 MINUTES TO THE BEAUTIFUL DELRAY BEACH & VIBRANT DOWNTOWN.
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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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About Floral Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017