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2401 Embassy Drive
About This Property
The over sized living and dining room provides for comfortable entertaining. The master bedroom is complete with tile flooring, gorgeous granite countertops in the master bath and beautiful shower.
The spectacular kitchen that overlooks the pool area is equipped Brazillian Marble countertops on the spacious island as well as the main area and state of the art appliances including Wolf four burner gas stove with griddle, Wolf microwave in drawer, never used Bosch dishwasher, and separate Sub Zero side by side refridgerator/freezer. Plenty of custom cabinets by Decora complete this kitchen providing extra space with pantry, double spice drawers, and incredible amounts of storage. Conveniently located adjacent to the kitchen is the great room with sliding glass doors that lead out to the enormous pool area complete with over 500 sq. feet of covered lanai. With plenty of space for family gatherings and outdoor barbecues, this backyard is perfect for entertaining or just relaxing by the pool.
The split floor plan continues with two more guest rooms, one with large reach-in closet and cabana bath, and one with a large walk in closet and adjacent full bath. The laundry room has been renovated with Decora cabinets and Brazilian marble countertop and front loading Samsung washer and dryer. Additional features and upgrades include central vacuum system, newly applied diamond brite in the pool, new pool filter, and large attic in garage. A must see in West Palm Beach!
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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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About Villages of Palm Beach Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017