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3721 Pelican Point Way
About This Property
Melbourne, FIT, Northrup Grumman, Harris, shopping, movies, the beach and much more.This home sits on a large waterfront lot. On entering the home you encounter High vaulted ceilings, an open concept and beautiful wood-look tile which flows throughout the entire main living area. The kitchen features updated quality cabinets, Corian counters, a breakfast bar, under-cabinet lighting, and matching appliances. There is also a large window pass thru to the outdoor patio to make outdoor dining a breeze. There is an eat-in nook off of the kitchen with updated pendent lights and a pantry for extra storage. The eat in kitchen is situated next to the large family room. The family room has updated can lights and a vaulted ceiling. This home also has a large formal dining area suitable for any size family gathering. '||chr(10)||'This home has a split bedroom layout with the large master retreat on one side of the house and 2 bedrooms and a hall bath on the other side. The master suite boasts a walk in closet with a closet organizer, a spacious master bath with granite counter-tops, dual vanities, a walk in shower and a jetted garden tub.The hall bath has recently been updated to include a comfort height toilet and a new vanity. The home also boasts a great screened-in play pool with an adjacent jetted spa and a beautiful waterfall, both of which spill into the main pool area. There is also 3 separate entrances into the pool as well as bench seat on the far side. The entire area is perfect for entertaining or just enjoying a peaceful evening or morning coffee while watching a sunrise and looking out onto the large pond in the back of the property. '||chr(10)||'
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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.
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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 Feather Lakes
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$2,000 /mo
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$2,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017