721 Heron Drive
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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%.
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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 |
|---|---|---|---|
| May 21, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Apr 9, 2024 | Listed by Blue Lighthouse Realty, INC | $575,000 | |
| Listed by Blue Lighthouse Realty, INC | |||
| | |||
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Just Listed! Asking $575,000! Welcome to the sought after East Delray Neighborhood “Tropic Palms”, a HOA free neighborhood unlike any other. Nestled in the back of the quiet street of Heron Dr. it is a beautiful escape in the heart of Delray Beach.
Offering 1,348 SQ FT of open floor plan and large bedrooms with fresh paint inside and out, this home ensures privacy and tranquility. With all the amenities and comforts you need, this residence is turnkey ready for you to enjoy.
From the expansive front to the backyard with RV/Boat storage this residence provides endless opportunities for outdoor living and dining, all while only 2.5 miles from the beaches of the Atlantic Ocean.
This perfect home also includes a 1.5 car garage, large storage shed and attic space, your own pineapple
| |||
| Jan 19, 2021 | Sold | ||
| Sold | |||
| Dec 11, 2020 | Listed by Blue Lighthouse Realty, INC | $350,000 | |
| Listed by Blue Lighthouse Realty, INC | |||
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About Tropic Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017