16732 Mellen Lane
About This Property
The expansive open-concept floor plan features a family room and living room with sliding glass doors to a covered lanai, where you can relax outdoors in privacy.
The kitchen provides direct access to the family room, creating a large centrally located entertainment area. The kitchen features an island breakfast bar and plenty of counter space w/ custom kitchen cabinetry, granite counter tops, stainless steel appliances, double sink & pantry that makes the kitchen a beautifu and functional space.
The majestic grand suite is highlighted by a trey ceiling, and French doors to lanai. Adjoining the master bedroom is his & her closets and a luxurious master bath featuring a Roman tub and separate shower, vanity with dual sinks and linen closet.
The two-car garage is accessible through the laundry room with built in laundry tub and cabinetry for storage. In addition, this home has hurricane impact doors and windows, zoned sprinkler system and is nicely landscaped. Photo shown is from the same floor plan that has been built. Completion date is Jan./Feb. 2015.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2021 | Sold | ||
| Sold | |||
| Sep 8, 2021 | Sold | ||
| Sold | |||
| Jul 2, 2021 | Listed by Realty Associates Florida Prop | $780,000 | |
| Listed by Realty Associates Florida Prop | |||
| Feb 25, 2015 | Sold | ||
| Sold | |||
| Oct 30, 2014 | Listed by Realty Associates Florida Prop | $449,000 | |
| Listed by Realty Associates Florida Prop | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017