18403 Quail Run Drive
About This Property
This split bedroom floor plan offers spacious open living that leads to a large screened lanai accessible by living, kitchen, and primary suite - perfect for the morning breakfasts and evening sunsets. Watch the many species of butterflies visit the array of plantings in this fully fenced expansive backyard!
As you walk toward the home through the colorfully landscaped path, you will enter in and enjoy a LARGE office/den to your right and your formal dining to your left, both of which look out to your perfectly manicured front lawn. Head straight ahead to the LIGHT AND BRIGHT open family/living area anchored by a wood burning fireplace! The sliders leading out to the AMAZING screened lanai patio, are situated between the living and kitchen area make it the PERFECT place to enjoy all of your family activities. The open kitchen offers PLENTY of storage space and views into your EXPANSIVE backyard.
To the right, you will have a hallway and spacious half bath that leads to your primary suite. The primary suite features AMPLE space with a substantial walk-in closet and a private slider to the lanai. The primary ensuite features a linen closet, skylight, double sinks, and separate area with commode and walk in shower.
To the left of your open living space and kitchen, you will find another full bath with a door that also leads to the backyard. On this side of the home, you will find 2 more GENEROUS sized bedrooms, which BOTH include SIZEABLE walk-in closets! Your laundry room leads to the large 2-car garage with plenty of storage and attic space.
Recent updates include impact glass windows, 6 zone irrigation Goulds 1.5 HP pump (2022), newer kitchen appliances and air conditioner (2020,2021), water heater (2021), and whole house electrical surge protection.
18403 Quail Run is a rare find in this market, an exceptionally beautiful property with all the room to grow or simply enjoy as your own retreat!
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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