10453 Rio Lindo
About This Property
The stunning double-height foyer is set to wow guests and leads to the expansive sun-drenched formal living area with 24-foot-high ceilings and large windows. A dual-sided gas fireplace connects the living area with a party-perfect game room and wet bar. Adjacent to the bar is the 8-seat movie theatre and a formal dining room with its detailed millwork and view of the expansive front lawn. The chef's kitchen features custom wood cabinetry, granite countertops, Miele, Bosch, Sub Zero, and Wolf appliances (including two dishwashers), a built-in coffee maker, soda gun, pot filler, a center island with prep sink, a desk, a breakfast bar, a walk-in pantry, and a breakfast alcove. The family room has multiple sets of French doors leading out to a huge screened in entertainer's patio complete with summer kitchen and misting fans. A tranquil owner's retreat, which occupies one wing of the home, boasts his and hers custom closets and bathrooms (one of which includes a sauna and steam shower), a sitting area, and a gym. A shelf-lined library and office, two additional bedrooms, a powder room, and a laundry room complete the first level of the home.
The staircase, which features one-of-a-kind hand-painted tiles and a wrought iron railing, winds upward to an expansive upper level with four en suite bedrooms, a loft and an additional laundry room.
The grounds are just as impressive as the home's interior. Designed to accommodate year-round entertaining, the yard is an enchanting oasis with mature trees, beautiful landscaping, an oversized pool, a spa, an outdoor shower, a year-round lighted sports court, sprawling lawns and patio space. As an added bonus, the property also has a Swat mosquito system to keep unwelcome insects from ruining the fun.
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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 Rio Poco
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017