Corner Light and bright 2/2 Villa + Den with NEW ROOF JUST
INSTALLED + large screened in patio in the back, Open patio
in the front of the home with 2 storage units. Lots of closet
space.Newer updated Open kitchen with lots of cabinets, granite
counter tops. Back sliders are hurricane impact. Located on private
cul-de-sac with a 2 car driveway and carport. Washer dryer in
unit.1 person must have a 700 credit score or better, Kids 15+ ok,
Close to both major hwys. Approx 6 miles to Downtown Delray &
beach, close to big shopping plaza with publix,McDonalds,Dunkin
Dounuts,kosher deli,Italian,chinese restaurants ect. Low Maint.
incl.cable package, internet, lawn care & pest control in the
maintenance. Service animals accepted with proper paperwork
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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