17 Palmetto Way
About This Property
Upon entry you will be greeted with an abundance of natural light, providing an open and inviting interior living space. This home provides the perfect escape with its vacation-like ambiance!
The master bedroom provides a peaceful retreat with views of the tropically landscaped backyard oasis, while the additional bedrooms offer versatility for guests or a home office. Whether you're lounging indoors or embracing the panoramic views of the prestigious Tequesta Country Club golf course, you will find this property effortlessly combines comfort and leisure.
The expansive outdoor living space will maximize your seasonal enjoyment, from the summer kitchen, upgraded with Lynx gas grill, to fully fenced yard with lush landscaping surrounding the private pool. The new pool pump and pool heater/chiller and fire pit will be useful for those ''Florida cold'' nights and balmy summer days. There is much to enjoy a short walking distance away, Perk Coffee Shop, breakfast at Gallery Grille, shopping at Marie Antoinettes, indoor and outdoor activities at Tequesta's newly redesigned Constitution Park and more!
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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