8078 Cactus Quartz Circle
About This Property
**Property is just like a brand new home -snowbird owner only used it 25 days since it was built in 2016.
**Glass front entry door, 22 extra high hats, upgraded security system +exterior security lighting including rear patio flood lights on motion detector, built-in Intercom, mirrored bi-fold doors, R-30 insulation above ceilings, lighted attic.
**Back yard is enclosed with an open-style steel fence and has lush tropical landscaping and an extended brick paver patio. This is a quiet, very private place to enjoy the outdoors.
** This home was built by GL Homes with impact resistant windows and exterior doors with "low E" insulated glass,10ft high volume ceilings, soil at slab foundation pre-treated for Termite Protection, energy efficient A/C system.
**Tuscany South is a guard-gated community with outstanding recreation amenities. Clubhouse features a state-of-the art fitness center with aerobic and strength-training equipment, indoor half-court sports, event room with catering kitchen and elegant card room. Outdoors you'll find a resort-style pool, tennis court, shaded children's playground, half-court basketball and covered party pavilion. The community is just 3 mins away from Delray Marketplace which has numerous restaurants, boutiques, an IMAX theater, bowling alley & arcade, beauty salons, banks and a Publix grocery store. Just 6 miles away is exciting downtown Delray Beach which was featured in many travel guides as one of the most "FUN" small cities in Florida. Outstanding Schools include Hagen Road Elementary, Carver Middle School, Spanish River High School and Florida Atlantic University
Note: The third bedroom is currently set up as an open den.
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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