Welcome home to this move-in-ready corner-lot villa, ideally
located on one of the best blocks in the highly desirable Delray
Villas 55+ community in Delray Beach. - With one of the lowest HOA
fees in Delray Beach, this bright & inviting home offers brand-new
stainless steel kitchen appliances, hurricane impact windows,
sliding doors, & garage door for added safety and peace of mind,
plus a new energy-efficient A/C & water heater (2025). -
Enjoy the oversized yet cozy screened & covered front porch,
naturally lit open living & dining areas, & an open kitchen with
abundant counter space, spacious cabinetry, & convenient roll-out
drawers. - Additional upgrades include updated lighting
in the baths, living & dining rooms, built-in family room
cabinetry, modern interior doors, custom closet shelving,
plantation & cafe shutters, & custom up/down shades. - Relax
on the upgraded screened and covered rear patio with vaulted
ceiling or entertain on the spacious paved patio area complete with
a BBQ nook and privacy hedge. Super clean, bright, and comfortable
- come see it and make it your own! - Delray Villas - Plat
4/5 is a non-gated 55 plus community situated between Lake Ida Road
and Via Delray, off of El Claire Ranch Road. Our centralized
location provides easy access to all types of shopping, restaurants
and medical facilities. - Lawn cutting, fertilization and
hedge trimming are included in our 'low' HOA fee, as well as insect
and subterranean termite control in the common areas... plus Cable
TV service, including HBO and Internet. - You'll enjoy 'two' clubhouses. One for our shows/concerts and large events, and the
other for smaller gatherings, as well as game, ceramics and
billiards rooms. Enjoy Bocce, Horseshoes, Pickle Ball and Tennis
Courts, and a large heated swimming and lap pool... a newly
renovated co-ed gym with state of the art exercise machines and
beautiful bathroom and shower facilities. A library, and a variety
of clubs, shows, and trips, promise an engaging and enriching
lifestyle.
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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