17296 Mellen Lane
About This Property
Enjoy the private outdoor pool area with a screened lanai. The pool and hot tub was resurfaced and retiled, converted to saltwater. The hot tub and pool are separately heated one at a time. All pool equipment will be left for your convenience.
When you walk through the front door, you'll know that you're home. Lovely bamboo flooring in the living and dining areas. The master bedroom is quietly located separately from the other 3 bedrooms. 3rd & 4th bedrooms can be closed off nicely by a pocket door allowing for a bit of separation from the living areas. Nicely vaulted ceilings. Poured concrete polished countertops in the recently remodeled kitchen is a nice upgrade as well. Newer stainless steel appliances and a reverse osmosis system. New water system in 2016 with new pump replaced May 2020.
The property is very well maintained and includes a sprinkler system with a separate irrigation well. The shed has a pull up door for easy entrance and storage for your lawn care equipment or other storage requirements. It even has electricity if you desire a workshop.
AC with wifi thermostat replaced in 2015 with parts and labor warranty to 8-2025. Also new UV lights replaced in 2020.
Jupiter Farms is a quiet, country style setting with all in town conveniences without the crowds and traffic and known as an equestrian community. Nearby opportunities for golf, tennis, fine dining and shopping are endless. An average 5 minute drive to I95 and the Florida Turnpike. 10 miles to the beach. It doesn't get much better than this.
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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