Welcome to this beautiful Gibraltar model in Valencia Palms, one of
Delray Beach's premier active adult communities. This spacious
single story residence offers 4 bedrooms, 2.5 bathrooms, and 2,388
square feet of thoughtfully designed living space. The open and
inviting floor plan features an upgraded kitchen with granite
countertops, stainless steel appliances, and abundant cabinetry.
The spacious primary suite offers two large closets and a private
ensuite bathroom complete with a soaking tub, separate shower, and
dual sinks and vanities. A two car garage provides additional
convenience and storage. Residents of Valencia Palms enjoy an
exceptional resort style lifestyle with an array of amenities,
including fitness facilities, tennis, pickleball, social
activities, and a vibrant community atmosphere. Ideally
located just minutes from premier shopping, dining, entertainment,
and the beautiful beaches of South Florida.
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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