6350 Tropical Way
About This Property
Nestled on a peaceful cul-de-sac in the coveted Tropical Isles subdivision, this newly constructed gem, completed in February 2024, is a marvel of modern design and luxury. Spanning 2,685 sq/ft under a sturdy metal roof with 7'' rain gutters, this single-family residence is a testament to quality craftsmanship and attention to detail. Step inside and be greeted by an expansive 87 sq/ft entry that leads you into a world of elegance. The porcelain floor tiles, with their chic wood floor appearance, flow seamlessly throughout the home, creating a harmonious and inviting atmosphere. The heart of the home, a 329 sq/ft lanai, offers a serene retreat for relaxation or entertainment, while the oversized 2-stall garage ensures ample space for vehicles and storage.
Indulge in the comfort of the large master suite, complete with his & her walk-in closets, providing a private sanctuary for rest and rejuvenation.
With 0.33 acres of prime land, a $100 monthly HOA fee, and a competitive price of $299 per sq/ft, this property is not just a home, it's an investment in your future.
Don't miss the opportunity to own this slice of paradise, where every detail is designed to enhance your living experience. 6350 Tropical Way is more than an address; it's where life's best moments will unfold.
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Cap Rate Calculator
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%.
How much can I actually make?
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 9, 2024 | Sold | ||
| Sold | |||
| Apr 10, 2024 | Listed by PPI Realty Inc. | $525,000 | |
| Listed by PPI Realty Inc. | |||
| Oct 3, 2022 | Sold | ||
| Sold | |||
| Sep 19, 2022 | No longer available | - | |
| No longer available | |||
| Jul 7, 2022 | Listed by PPI Realty Inc. | $79,500 | |
| Listed by PPI Realty Inc. | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Indian River
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017