12290 Saddle Road
About This Property
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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 |
|---|---|---|---|
| Nov 29, 2017 | Sold | ||
| Sold | |||
| Jul 28, 2017 | Listed | $1,098,000 | |
| Listed | |||
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This prime Carmel Valley home has numerous intangible assets such as a unique open and flowing floor plan, privacy, stunning vistas, abundant sunshine and natural light with attention to detail at every turn. Additionally, there is a 1,000sf studio and workshop downstairs as well as a spacious detached 3+ car garage. Recently updated for long term enjoyment, the home features a newer heating & AC system, numerous skylights, 2 sided fireplace, professional outdoor grill, thermopane windows, 4 sets of French doors, recessed lighting w/dimmers, updated bathrooms and a true chefs kitchen with high end appliances, granite countertops and stainless steel appliances. Other amenities include a new tankless water heater, water softening system and alarm. The large wrap around deck overlooks gorgeous drought tolerant landscaping with river rock walls and an electric drip system, not to mention stunning Valley views. This very special home has details that can only be truly appreciated in person. The manager has listed the unit size as 1581 square feet.
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| Jul 14, 2017 | Listed by Carmel Realty Company | $1,069,500 | |
| Listed by Carmel Realty Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017