551 Marlin Road
About This Property
Shellstone floors in all living areas and kitchen. Bamboo floors in bedrooms.
All impact windows. New electric. New plumbing. New Roof Recessed lighting throughout. Newly painted. Natural gas
Tankless water heater. Gas stub for summer kitchen. Circular driveway.
Covered exterior foyer. Living room has plenty of windows for natural light and bar area with built in beverage cooler.
Contemporary kitchen has quartzite counter tops with full herringbone marble backsplash, a full complement of stainless steel appliances including 6 burner gas stove, hood, double wall oven with microwave, refrigerator, dishwasher and pantry. Comfortable sitting area has sliders to back patio. Dining area has chandelier lighting and sliders to back yard. Spacious family room has ceiling fan with lighting, built in shelving, cabinetry and sliders to patio.Master bedroom has ceiling fan, walk in closet, and private entry to back yard.Master bath has marble floors, double vanity with quartz counter tops, soaking tub, separate shower with seamless glass doors, and separate water closet.Guest bedroom 1 has ceiling fan and reach in closet
Guest bedroom 2 has ceiling fan with lighting and reach in closet
Guest bath has tub/shower combo with glass doors and single vanity with granite counter top. Expansive patio overlooks private back yard. Room for boat storage (11x45 ft). Top load Electrolux washer and dryer. Close to North Palm Beach Country Club where you will enjoy the new 37,000 square foot clubhouse, restaurant, pool, tennis and renovated Jack Nicklaus Signature golf course. Close to major highways, shopping, fine dining, recreation and entertainment. Convenient to Palm Beach International Airport.
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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 North Palm Beach Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017