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6197 Overland Place
About This Property
Delray Villas plat 4/5 is a 491 unit non-gated 55 plus community situated between Lake Ida Road and Via Delray, off of El Claire Ranch Road.
Delray Villas offers Bocce, Horseshoes, Pickle Ball and Tennis Courts. There is a large heated swimming and lap pool. Newly renovated co-ed gym with new state of the art exercise machines and beautiful bathroom and shower facilities.
Maintenance includes cable with HBO and HBO Max and Internet
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 30, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Price Decreased |
$265,000
↓ $20K
(7%) | |
| Price Decreased | |||
| May 9, 2025 | Price Decreased |
$285,000
↓ $5K
(1.7%) | |
| Price Decreased | |||
| May 2, 2025 | Price Decreased |
$290,000
↓ $8K
(2.5%) | |
| Price Decreased | |||
Property Highlights
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About Delray Villas North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017