7769 Serra Way
About This Property
UPGRADES GALORE: GRANITE COUNTERS,GLASS TILE BACKSPASH,STAINLESS ST APPLIANCES,CUSTOM WOOD CABINETS FINISHED W/CROWN MOLDING,GLASS PANELS,GRANITE ISLAND,PENDANT LIGHTING,CUSTOM PLANTATION WINDOW TREATMENTS,DECORE PADDLE FANS,IMPACT WINDOWS THRU-OUT, ON-SUITE MST BTHRM,DUAL VANITIES.WELCOME TO DELRAY'S NEWEST ACTIVE 55+ COMMUNITY.
RESORT STYLE AMENITIES ALL INCLUDED: 38,000 sq ft CLUBHOUSE,GRANDBALL RM/THEATER,CABANA CLUB,3 POOLS,TENNIS + FITNESS CENTERS,PICKLEBALL,BOCCE,INDOOR/OUTDR CAFE,CHEF'S DEMO KIT,ZUMBA,AEROBICS,ARTS&CRAFTS,BILLIARDS,SAUNA,WHIRLPOOL,CARDS,SOCIAL CLUBS. 7 MILES TO DOWNTOWN OCEAN-BEACH BEST LOCATION, WALK TO CLUBHOUSE,POOL,TENNIS,CAFE. ACCESSABLE WALK-WAY FROM SERRA WAY TO CLUBHOUSE.
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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 Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017