6396 Melissa Way
About This Property
In summary this is an exceptional, extremely well maintained and upgraded home in one of the areas - finest gated communities. The schools are impeccable - "A rated" Coral Reef Elementary, Woodlands Middle, and Park Vista High.
Do not hesitate, schedule a showing today!
Exterior:
*INCREDIBLE HOME ON HUGE FENCED PRIME WATER LOT
*CUSTOM BUILDER FLOOR PLAN CHANGES WHEN BUILT BY THIS ORIGINAL OWNER with enlarged Laundry Room which allows cabinetry on both sides of room and folding area, enlarged upstairs Bedroom with built in cabinetry, cabana door out to pool patio
*RESORT STYLE POOL WITH HEATER (sold as-is) with salt water system, waterfall, raised spa, table in pool, and equipment (as currently exists)
*BUILT-IN GAS GRILLE ON PATIO
*AUTOMATIC AWNING ON PATIO
*FRONT COURTYARD WALLS WITH SECURITY GATE
CUSTOM DESIGNED ETCHED GLASS IN FRONT ENTRY DOOR
*ACCORDION SHUTTERS
*GENERATOR HOOKUP/PANEL CONNECTION (mobile generator not included)
*VARIOUS EXTERIOR SPEAKERS, FLOOD LIGHTS AND LOW VOLTAGE LIGHTING
*SPRINKLER SYSTEM - WATER SUPPLY FROM LAKE
Interior:
*CUSTOM UPGRADED KITCHEN WOOD CABINETRY WITH PULL-OUTS, UNDER & OVER CABINET LIGHTING, CROWN MOLDING, ENLARGED ISLAND WITH FULL STORAGE AROUND, GRANITE COUNTERTOPS AND TUMBLED STONE BACKSPLASH WITH GRANITE INSERTS
*CUSTOM BUILT IN WALL UNIT IN FAMILY WITH STONE-LOOK DETAILS (columns pull out for added storage) (components do not stay with exception of big screen television which and ceiling speakers)
*CUSTOM BUILT-IN SHELVES IN FAMILY ROOM WITH ROUND CORNER BEADS
*UPGRADED OVERSIZED PORCELAIN TILE - FLOORS LAID ON DIAGONAL THROUGHOUT FIRST FLOOR
*FOYER DECORATIVE TILED FLOOR ACCENT
*RECESSED HI-HAT LIGHTING THROUGHOUT MOST ROOMS ON THE *INTERIOR OF HOME
*LARGE PROFILE CROWN MOLDING THROUGHOUT
*ROUNDED CORNER BEADS THROUGHOUT HOME
*NEW AIR CONDITIONING - ONE SYSTEM IN 2012/ONE SYSTEM IN 2015
*CLOSET ORGANIZERS
*BLINDS AND VERTICALS THROUGHOUT
*CUSTOM TOP TREATMENTS AT WINDOWS (Bedroom top treatments do not convey where the treatment matches the bedding)
*NEWER FRONT LOADING WASHER AND FRONT LOADING DRYER
*ALARM SYSTEM
*IRONING BOARD BUILT-IN
Note: All room sizes approximate (taken from brochure/tax roll) - buyer responsible to verify all information. SOLD AS-IS.
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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%.
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.
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017