17169 Mellen Lane
About This Property
Add your own personal touches to this CBS home with an attached 2-car garage. You'll find a split bedroom floorplan with 4 bedrooms & 3 full bathrooms, including a guest ensuite and cabana bath. The screened in pool is saltwater & heated.
The electronic gate opens to a long concrete driveway. This property is 1.09 acres and fully fenced.
This home is in a great location in Jupiter Farms. It's directly on a paved road and convenient to the main road & stores. Jupiter is a coastal beach town full of charm & luxuries. Jupiter Farms is highly sought after because of the nearby conveniences of Jupiter & surrounding, while still having plenty of space to keep boats, toys, and horses. Located an easy 15-20 minute drive to waterways, beaches, great restaurants, & shopping. The airport, turnpike & I-95 are also easily accessible. Homes with large detached CBS buildings, such as this one, are even more sought after.
The seller of this home is a Canadian Motorsports Hall of Famer and participated in the first NASCAR sanctioned 500 Mile Race at the Daytona International Superspeedway. Over the years he has worked, played and stored many collector cars in the property's garages. He has enjoyed his years here and knows someone else will appreciate this well-kept piece of property, too.
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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%.
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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