16100 Jupiter Farms Road
About This Property
Immediately upon driving into this completely private 1.5+ acre property, you'll know that you're somewhere special. It's circular driveway leads you to this freshly painted home's welcoming porch and cheerful yellow double front doors.
Step inside to experience it's rustic yet chic finishes, where Mexican tile meets white wood, and a floor to ceiling stone mantel.
Sip your morning coffee and soak in nature from the balcony off the master bedroom. In addition, the home also offers two other bedrooms and a second full bath on it's second story as well as a 1-bedroom apartment above the garage.
Inclined to entertain? The pool, which was resurfaced in 2018, offers tranquility as water cascades down a stone feature. After a day of sun and swimming, your guests can retire to the privacy of the 1/1 apartment located above the garage, complete with tankless water heater, washer, dryer and full kitchen.
The lot itself is surrounded by a lush natural landscape and is adjacent to a wooded vacant lot. This property is mostly fenced with plenty of room for your furry and feathered friends. Along the back property line, there are a mango tree, a starfruit tree and an orange tree.
The garage, once used as Burt's poker room, offers a bathroom and is segmented into space to park 1 car and a golf cart or ATV in the front of the building and a separate workshop space in the back. There's also covered parking along one side of the exterior of the garage.
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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