BRAND NEW ROOF! LAKEFRONT HOME IN AVALON ESTATES! Enjoy the
peaceful lakefront life in this beautifully maintained
single-family home featuring a NEW A/C, NEWER WATER HEATER &
HURRICANE SHUTTERS THROUGHOUT. Split floor plan offers comfortable
living spaces & lake views, creating the perfect setting for the
Fla. lifestyle. Residents also enjoy a resort-style community w/ an
impressive array of amenities, activities & social opportunities.
The clubhouse is the social hub & includes a spacious auditorium
with a full schedule of shows. The resort size pool area features a
spa & a covered section of the pool, allowing you to enjoy the
water while escaping the sunshine. Residents also have access to a
fitness center, tennis, pickleball, golf putting, bocce,
shuffleboard, trails & more. Access directly to the Publix shopping
center, making groceries, shopping, dining, and everyday errands
incredibly easy without leaving the community. Conveniently access
to major roadways, beaches, downtown Delray Beach, and Delray
Marketplace, offering an abundance of shopping, dining and
entertainment.
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.
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