7564 Monticello Way
About This Property
This home is located within a quick walk of the 25,000 sq. ft. clubhouse that was gorgeously remodeled in 2016. Avalon Estates is an extremely active community with a variety of sports and activities for everyone! Enjoy Broadway style shows, exercise in the state of the art fitness center, complete with Men's and Ladies saunas, or have some fun in one of the many card rooms, art studio or billiards room. The resort style outdoor pool is partially covered and heated allowing for indoor/outdoor swimming along with an in-ground spa. The Sports Complex has 6 Har-Tru lighted tennis courts as well as a tennis pro. The community has pickle ball, shuffleboard, and bocci ball courts. Additional amenities include a putting/driving green, a basketball court as well as a barbecue & picnic area. Shopping, as well as a variety of restaurants are conveniently located nearby the community and only a short drive away you'll find downtown Delray Beach with shopping, restaurants and the beach, Delray Marketplace with more shops and restaurants and movie theater a€" all just minutes away! Welcome home!
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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.
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About Avalon Estates
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$6,000 /mo
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$5,500 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017