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6862 Royal Orchid Circle
About This Property
The home is perfectly sited on a wonderful lot, with upgraded exterior elevation, within Grande Orchid, a highly desirable boutique community in the heart of Delray Beach. Community facilities include a 24/7 guard gated entry, clubhouse, pool and fitness center, as well as tennis and pickle ball. The prime location affords access to A rated schools, abundant fine dining and houses of worship. This is South Florida living at its finest! Florida living at its finest!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 12, 2024 | Sold | ||
| Sold | |||
| Jul 15, 2023 | Listed by Century 21 Stein Posner | $1,600,000 | |
| Listed by Century 21 Stein Posner | |||
| Aug 7, 2013 | Sold | ||
| Sold | |||
| Mar 14, 2013 | Listed by Century 21 Stein Posner | $949,000 | |
| Listed by Century 21 Stein Posner | |||
| Aug 13, 2003 | Sold | ||
| Sold | |||
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About North Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017