6284 Via Palladium
About This Property
The open floor plan and soaring cathedral ceiling give you a sense of volume and space. Updates include diagonally-set porcelain tile throughout the first floor, plantation shutters, recessed lighting, and more. The gourmet, eat-in kitchen features custom Thomasville solid wood cabinets w/ soft-close drawers and pull-out shelving, plus under-cabinet lighting, high-end Terra Bianca quartzite countertops, subway tile backsplash, a huge breakfast bar with built-in storage, and upgraded stainless steel appliances. The sunlit first floor flows into the luxurious pool and patio Its perfect for relaxing or entertaining. The screen-enclosed backyard has an amazing saltwater pool with a new, oversized TropiCal heat pump. The screen enclosure was installed in 2021 to Miami-Dade standards so it can handle 170 MPH winds. On the second floor, you'll find all 4 bedrooms plus a loft that can be used as an office or lounging area. Both upstairs bathrooms make you feel like you are at a spa. They both offer upgraded fixtures, free-standing, oversized bathtub, dual head shower, Hunter Douglas custom shade, and more. The master suite has vaulted ceilings, an extended walk-in closet, plus extra space for an office or reading area. The entire home has been made storm-ready with high-quality impact doors and windows, an updated S-tile roof (2013), and is hardwired for a generator. Low HOA fee of $292/ month includes landscaping, cable TV with HBO, trash collection, alarm monitoring & roving security. Boca Pointe membership is OPTIONAL and includes amenities like golf, tennis, and social activities. Amazing schools include Verde Elementary, Boca Raton Community Middle, and Boca Raton Community High School. It's also within walking distance of houses of worship.
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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 Boca Del Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017