40
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218 List Road
About This Property
The foyer, finished with Versailles wood flooring, includes a powder room and introduces the main living areas, with a staircase leading to the second floor. The living room features a gas-burning fireplace, while the formal dining room is filled with natural light and connects directly to the kitchen. The eat-in kitchen is well appointed with a large island, extensive storage, two Sub-Zero refrigerators and freezers, refrigerator drawers, a wine refrigerator, ice maker, a Wolf gas range and double ovens, and dual dishwashers. Adjacent to the kitchen is a laundry room with dual washers and dryers, ample storage, and access to both the side yard and garage.
The spacious family room faces south and opens to the pool and loggia through large windows and doors. A library with custom built-in shelving and cabinetry also provides access to the pool terrace. The first-floor primary suite offers multiple closets and opens to a private terrace, with a bath featuring a steam shower, separate soaking tub, dual sinks, vanity, water closet, and direct access to the pool area.
Upstairs, a terrace overlooks the pool, and three guest bedrooms each feature en suite baths and closets. One guest suite includes dual walk-in closets, dual sinks, a separate tub and shower, and a water closet with bidet.
Other features include whole house water filtration system, fully integrated Sonos system, Tesla charger, tree house, and outdoor shower. Ideally located near the beach and the Lake Trail.
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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