967 NW 23rd Lane
About This Property
THIS COMPLETELY RENOVATED HOME IS LOCATED ON AN OVERSIZED LOT IN ONE OF RAINBERRY BAYS FEW PRIVATE CUL-DE-SACS. THE SPACIOUS YARD FEATURES A LARGE TILED LANIA, WITH PATIO AREA, FRUIT TREES AND PRIVACY. A TENNIS LOVER'S DREAM, WITH 10 TENNIS COURTS LOCATED OFF THE REAR OF THE HOME. THIS OPEN FLOOR-PLAN HOME GETS LOTS OF NATURAL LIGHT AND HAS TIMELINESS UPDATES INCLUDING BAMBOO WOOD FLOORS, THROUGHOUT, QUARTZ KITCHEN COUNTERTOPS, SS APPLIANCES, OVERSIZED FARMHOUSE SINK, AND MUCH MORE! 2 CAR GARAGE!
COMMUNITY FEATURES INCLUDE; CLUBHOUSE W/ GYM, BILLIARDS, SAUNA, MEDIA ROOM, LIBRARY, CARD & ACTIVITIES ROOM, PICKLE BALL, BOCCE & SHUFFLEBOARD COURTS, + THEATER, 5 POOLS & JOGGING PATH. 3 MILES FROM TRENDY DOWNTOWN DELRAY & THE BEACH. 24-HOUR MANNED SECURITY.
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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 Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017