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135 El Vedado Road
About This Property
This stunning 5 bedroom / 7.4 bath home was built around a beautiful courtyard. Also included is a 2 bedroom / 2 bath guest apartment over a large 3 car garage. Many of the homes original features remain beautifully maintained, including tiles brought over from a Cuban church and pecky cypress walls and ceilings. Lush landscaping and many private balconies and patios provide private areas to relax and enjoy this spectacular Palm Beach home.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2020 | Sold | ||
| Sold | |||
| Feb 4, 2020 | Listed by Compass Florida LLC | $16,000,000 | |
| Listed by Compass Florida LLC | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017