4608 SE Park Drive
About This Property
Any wood used was pressure treated or cedar.
Entire house re-tiled with all old tile removed.
Air conditioning system is new (ducts, compressor, etc.).
Kitchen was fully remodeled
Personal touches include:
Kitchen light was constructed from driftwood found on the Allagash River in Maine.
Hand railing in the main room is driftwood from a river in central Alaska.
The artwork in front is hand painted pressure treated wood.
The front sign post with destinations was hand made to reflect origins of visitors and our family travel routes.
The manatee on the backdoor going to the garage was hand painted by my sister.
The front door has hand -carved exterior (swimming fish).
The shelves are made from wood I milled off our property in NH.
Cactus skeleton is from New Mexico and feather is from an Osprey from Jupiter.
Kitchen counter tops were constructed in the back yard and have no chemicals used on them-just bee's wax from the hive behind the house. (Hive can be relocated but does produce at least 50lbs of honey every year).
The kitchen cabinet handles were hand forged from scrap copper taken from the house during renovation.
Stained glass windows were handmade.
The frame from the kitchen island was from flotsam after hurricane Mathew, found on Hutchinson Island.
Tiki bar overhead light hand made from a pallet.
Palm fronds from Carlin Park.
Outside door is hand constructed.
Shutters are all hand-made from pressure treated wood.
All bamboo was harvested from the neighbor's backyard.
The door on slider in master bedroom is from a barn in NH and the wood was taken from a boat building shop.
The board on the wall in master bedroom where clothes are hung was found in Hobe Sound at Perck'/s Lake.
The seashells seen in the house were mostly from Jupiter area over the years.
The pantry wood door with leaded glass windows was from a remodeled church.
There are other stories but these are the main points.
There are multiple fruit-producing plants on the property. The have been harvested from most of these and some are on the way> They include:
Pineapples
Mango
Lemon Grass
Loquats
Coconuts
Avocados
Cherries
Sea Grapes
Longans
Bananas
Vanilla orchids
Papaya
Passion Fruit
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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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About Port Salerno
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017