745 Heron Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 27, 2025 | Sold | ||
| Sold | |||
| Jan 4, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by Compass Florida LLC | $649,999 | |
| Listed by Compass Florida LLC | |||
| | |||
|
Charming 4 bedroom Home in Prime Location of East Delray, no HOA! Nestled on a large beautiful corner lot in the sought after neighborhood of Tropic Palms, this home features a new roof, an updated galley kitchen with new appliances, indoor laundry room, new light fixtures and ceiling fans and a new electrical panel. Home has recently been painted inside and out and is in great condition! Garage has been converted to a bedroom but can be easily converted back. Relax on the inviting front covered patio, perfect for enjoying morning coffee or evening breezes. With a current rental income of $5200/month, this property offers incredible income potential. SELLER WILL CONTRIBUTE TO HELP BUYER BUY DOWN RATE IF NEEDED!
| |||
| Jun 18, 2021 | Sold | ||
| Sold | |||
| May 7, 2014 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Tropic Palms
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,000 /mo
- 2 Beds
- 2 Baths
- 1,275 ft²
$7,500 /mo
- 2 Beds
- 1 Bath
- 1,203 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017