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235 Dunbar Road
About This Property
The 5,730 sqft main house offers a sweeping sun-filled Great room with original wood beams,16' ceilings and an impressive wood burning fireplace. Formal living room and Dining room has beautiful Pecky Cypress beamed ceilings and Antique fireplace. Library/Den with wet bar and a sizable eat-in-kitchen and breakfast nook features a pantry and adjacent full separate laundry room. On the upper floor the Palatial Master bedroom features an opulent en-suite bathroom, dressing area, walk-in-closets and your private terrace overlooking the lush greenery grounds. The additional three bedrooms have custom private en-suite bathrooms all clad in handmade Spanish tiles. The poolside back yard has a cabana with full bathroom and dressing room. The endearing two story guest house has a lovely living room with kitchenette, two additional bedrooms and two full bathrooms clad in handmade Spanish tile. Two cars garage with ample storage room complete this 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%.
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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