991 Delray Lakes Drive
About This Property
With an East Delray Beach location, Delray Lakes is close to vibrant Atlantic Avenue, world class shopping, restaurants and beach. This gated community features tree lined streets and only 169 homes. Conveniently located next to Lake Ida Park/Dog Park, featuring a walk/run/bike loop, multiple play structures, boat ramps and pavillions.
The 3 bedroom residence features an open floor plan, private fenced in backyard, newly painted, well maintained single family home. Currently the third bedroom is converted to a den.
Enjoy 2 lighted tennis/pickleball courts and heated/chilled pool in a neighborhood surrounded by beautiful and mature oak trees.
Carefree living in the private gated community of Delray Lakes.
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017