8724 Lewis River Road
About This Property
Tennis enthusiasts can play in a league, take lessons or just catch a match with friends on one of The Bridges' six Har-Tru courts and 1 hard court, lighted for night play. The lifestyle complex also boasts a Tennis Pro Shop, shaded court-side pavilions and a spectator viewing area. The Bridges Tennis Pro Shop conveniently offers everything you'll need to elevate your game.
The Bridges is only 10 miles to the beach and the lively Atlantic Avenue. In 2012, Rand McNally's "Best of the Road" named Delray Beach America's Most Fun Small Town and in 2015 it was rated as the 3rd Happiest Seaside Town in America by Coastal Living.
From its two miles of award-winning beaches to its downtown boutique shops and restaurants along Atlantic Avenue, Delray Beach has kept its natural feel while blossoming into a sophisticated beach town. And Delray Beach is pedestrian friendly with many of its attractions within easy walking distance.
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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