964 Allamanda Drive
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2021 | Sold | ||
| Sold | |||
| May 26, 2021 | Listed by Lang Realty/Delray Beach | $2,100,000 | |
| Listed by Lang Realty/Delray Beach | |||
| Aug 27, 2020 | Sold | ||
| Sold | |||
| Jul 3, 2019 | Listed by Lang Realty/Delray Beach | $1,745,000 | |
| Listed by Lang Realty/Delray Beach | |||
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Looking for a fantastic waterfront property in a prime location? Look no further! Located on deep water canal, easy ocean access with private dock & boat lift. This 2-story home is perfect for entertaining both indoors & outdoors. Heated pool and elevated Jacuzzi with a beautiful waterfall. 5 bedrooms, 4 full bath PLUS a large bonus room upstairs that could be used for a fitness studio, theater or play area, large office etc. Master bedroom suite on main floor, facing the water. Spacious & open floor plan, with an elevated design, lots of natural light, volume ceilings in main living room area, with an elegant winding staircase leading you upstairs. Open kitchen with wood cabinetry, granite counter tops, Bosch appliances with a new wine cooler, and bar area. Some updates needed! Wood flooring in the bedrooms. Large laundry room/upper level with full size washer & dryer, cabinets and storage closet. Fully fenced backyard with large grass areas, newly landscaped with Florida Palm Trees and flowers. New dock installed in 2018. Seawall, piling & cap completed in 2006. Roof 2012. Large 2 car garage with a work shop. Central vacuum. 2 zone A/C systems - one A/C unit recently replaced.
Kitchen was updated in 2012. Home needs some updating.
Property is located less than a mile from the sandy beaches, close proximity to down town Atlantic Avenue with great restaurants, shops, art galleries, I-pic movie theater, coffee shops etc. Great A+ rated schools; Boca Middle School & Boca High School. No HOA fees, pet friendly community, close to everything & easy to rent annually or seasonally!
Delray Beach, Florida was Voted Most Fun Small Town in America!
CHECK OUT THE VIDEO!!!
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| Dec 2, 2018 | No longer available | - | |
| No longer available | |||
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About Tropic Isle North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017