9056 Talway Circle
About This Property
The entry level living area features an open floor plan with cathedral ceilings, fireplace, and an open kitchen with breakfast bar, all with an magnificent view over the large covered and screened patio and pool area. The formal dining room, master suite and fifth bedroom (currently used as an office) plus a large bonus room are conveniently located on the first floor as well. Three more bedrooms and a loft are upstairs allowing the highly valued privacy for family and guests. And did I mention the 3 car garage and driveway that fits all your cars, toys, and even the biggest motorhome, RV or boat? The owners have spared no cost in maintaining this home with the latest improvements including impact hurricane windows throughout, a new roof, garage doors, Air Conditioning, just to name a few.
The home is conveniently located on a 1.5acre lot in preferred Melrose Park just west of Floirda's turnpike and only minutes away from Wellington, home to polo matches, the Winter Equestrian Festival and host of the International Horse Show. It's also close to great restaurants, Publix Supermarket, the Wellington Mall and Wellington Regional Hospital and only ten minutes away from Boca Raton's western edges which is famous for shopping and dining.
Melrose Park is a contradiction to its surroundings in western Palm Beach County where gates access and zero-lot lines rule. With just over one-hundred homes in a park-like setting, each situated on at least an acre lot, children have room to run, play and explore on green spaces, go fishing or cool of in the community pool. Tennis and basketball courts are available as well. If you ask me, it can't get much better.
Take a look at the photos and if this home sparks your interest, please contact us today for more information or to schedule a showing. "
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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 Melrose Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017