In our home my cable modem is installed above my refrigerator. I have CAT6 cable from their to the distribution panel in the garage where the rest of CAT6 cables terminate. I have a switch installed there for all those other cables to connect to. Been out there for 4 years without any issues of heat.
As for the Wi-Fi as stated your connection speed is something that will be dictated not by your speed from your ISP but by a negotiation between your device and the Wi-Fi Access Point, usually integrated into the router. The negotiation will like connected at the high speed available by device with the lower maximum speed. Example is a brand new Wi-Fi AP that could connect at 1G but your laptop is 3 years old, may only connect at 200m, or vice versa.... Think of it like plumbing...
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