126
Map
7658 Colony Palm Drive
About This Property
The backyard is fully fenced for privacy and designed for low maintenance with extended patio space and a large gazebo with ceiling fan and wrapped decorative lightingperfect for entertaining or relaxing. With no direct rear neighbors, it feels like your own private retreat.
Residents of The Colony at Boynton Beach enjoy an unmanned gated entrance and community amenities including a clubhouse, fitness center, pool, hot tub, pickleball, tennis and basketball courts, plus high-speed fiber internet included in the low HOA fee. Families will love the A-rated K-8 school across the street, an A-rated high school nearby, and a top-rated charter school right next door.
This prime location close offers the best of South Florida livingjust 10 minutes to the beach, 15 minutes to Downtown Delray Beach's Atlantic Avenue, 15 minutes to Downtown West Palm Beach, and 15 minutes to Palm Beach International Airport. Located conveniently between i-95 and FL Turnpike.
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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.
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About Colony at Boynton Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017