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7771 Monarch Court
About This Property
Both bathrooms have been tastefully updated, and the pool area has been completely redone, including a new pool heater, making outdoor living effortless year-round. Used only seasonally, the home has been meticulously cared for, offering peace of mind and immediate comfort. Enjoy the best of indoor-outdoor living in a community that offers a resort style amenities including a restaurant, fitness center, pickleball, tennis, and more; all just minutes from Delray's top dining, shopping, and beaches.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jul 6, 2025 | Relisted | $875,000 | |
| Relisted | |||
| Jun 18, 2025 | In contract | - | |
| In contract | |||
| Jun 10, 2025 | Price Decreased |
$875,000
↓ $20K
(2.2%) | |
| Price Decreased | |||
Property Highlights
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About Polo Trace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017