12866 Granite Mountain Pass
About This Property
This lovely Alexandra Grande model has beautiful curb appeal with a lushly landscaped lot, widened driveway and double door entry. The home, with three bedrooms, three baths, and a two car garage, sits on a private home site with a cascading waterfall and fountains in the rear yard. High end 12X24 porcelain tile has been installed throughout the main areas of the home. The home has hurricane impact windows and the a/c unit has an utlraviolet anti-bacterial filter and extended warranty. Interior features include volume ceilings, custom paint, recessed lighting, designer light fixtures and fans, decorator window treatments and upgraded bathrooms. The gourmet kitchen features white wood cabinets with crown moldings, quartz countertops, glass tile backsplash and upgraded stainless steel appliances including a counter depth French door refrigerator and GE Profile 30" Convection Oven. Cabinet end panels have been installed and the glass doors on either side of the range feature designer aluminum frames. You'll love the large built-in pantry cabinets and the convenience package with double trash pullout, pot and pan drawers, silverware drawer, pull-out shelves and tray dividers. There is an extended snack bar with pendant lights, a separate breakfast area with bay window and a formal dining room for holiday dinners. A large great room with double tray ceiling is open to the kitchen. The master suite features a tray ceiling with recessed lighting and fan, two walk-in closets (one is outfitted) and a luxurious bath with wood vanities and vanity area, mirror to ceiling, quartz countertops, shower with tile to ceiling, listello and frameless enclosure, Roman tub and white interlay impact glass window. There are two secondary bedrooms, one is a "second" master bedroom with ensuite bath and the other, currently used as a den, has access to a full bathroom and could be used as a bedroom. The laundry room has storage cabinets and a laundry sink. The large private yard has a covered patio and beautiful cascading waterfall and fountains.
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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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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017