12640 Prescott Avenue
About This Property
Every detail has been beautifully imagined in this magnificent home that is located in the center of the desirable gated Malaga community near the Tustin Ranch Golf Course! Plantation shutters, high ceilings, light-catching windows, and recessed lighting add to the elegance of a highly livable floorplan. The sumptuous kitchen is well-appointed with granite countertops, stainless steel appliances, double ovens, and a breakfast nook with french doors that open to a luscious green backyard. The sizable family room flows seamlessly from the kitchen and shines with wood flooring and a cozy fireplace. Within close proximity, the formal dining area and the living room are illuminated with plentiful windows. Downstairs, there is a charming bedroom with a private ensuite bathroom that is perfect for guests. Up the spiraling staircase, the generous master suite serves as a spacious retreat with plush carpeting, modern color tones, and plantation shutters. It has an ensuite bathroom with a sunken tub and walk-in shower, her/his vanities, rich dark wood cabinetry, and a roomy walk-in closet. There are three additional bedrooms with two comfortable bathrooms upstairs. The 3-car garage has epoxy floors and built-in dark mahogany cabinets. The front yard is beautifully designed with water-saving landscaping, as is the backyard which includes a bed of river rocks, a patio, and a built-in barbeque area.
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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 |
|---|---|---|---|
| Aug 13, 2020 | Sold | ||
| Sold | |||
| Mar 25, 2020 | Listed by Redfin | $1,375,000 | |
| Listed by Redfin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017