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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 |
|---|---|---|---|
| Apr 11, 2023 | No longer available | - | |
| No longer available | |||
| Mar 11, 2023 | Listed by Bennion Deville Homes | $1,398,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
Beautiful Ivy League Estates, featuring 16 semi-custom homesites in the Heart of Rancho Mirage. A light filled interior with energy efficient Solar, has soaring coffered ceilings, multiple transom windows and sliding glass doors for easy outdoor access from all the living and dining areas. Sleek kitchen cabinetry with an abundance of storage, granite countertops and efficient high-end stainless appliances. Indulge in the luxurious Primary Bedroom Suite featuring a private sitting area and patio access to the pool. The 2nd and 3rd bedrooms each have a private en suite. A family room or dual person home office has sliding glass doors with patio access. There is direct access to the 3 car garage featuring a wall A/C and multiple storage cabinets. The enclosed backyard has a covered patio for shade, sparkling salt-water pool, spa, outdoor kitchen, firepit with built-in seating and lush landscaping. The spacious grounds offer the ultimate in privacy, play area for kids, pets and sport activities. This lovely residence is within a mile to restaurants, boutiques, movie theater and so much. This might just be your Forever Home. The manager has listed the unit size as 3387 square feet.
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| Mar 10, 2023 | No longer available | - | |
| No longer available | |||
| Feb 24, 2023 | Price Decreased |
$1,398,000
↓ $27K
(1.9%) | |
| Price Decreased | |||
| Jan 18, 2023 | Price Decreased |
$1,425,000
↓ $50K
(3.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017