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19055 Majela
About This Property
Welcome to this beautifully updated home in the highly desirable Desert Knolls Manor area, offering a rare combination of modern style, distinctive character, and spacious desert living.
Situated on approximately 0.67 acres, this impressive property has been thoughtfully updated throughout with numerous modern upgrades, stylish finishes, statement chandeliers, and beautiful contemporary lighting that create a warm and sophisticated atmosphere.
A charming fountain welcomes you at the entrance, setting the tone for what awaits inside. One of the home's most distinctive features is the inviting conversation pit centered around the fireplace, a unique architectural element that creates the perfect setting for relaxing, gathering, and entertaining.
Just off the kitchen, you'll find a dedicated bar with its own sink, providing an additional entertaining space and adding even more character to the home.
The spacious primary suite offers a relaxing private retreat complete with a large Jacuzzi-style soaking tub and separate shower.
Step outside and enjoy the privacy and possibilities of the grand spacious lot, along with beautiful surrounding views and plenty of space to enjoy the High Desert lifestyle.
With its extensive modern updates, striking lighting, unique architectural details, generous lot, beautiful views, and desirable Desert Knolls Manor location, this is a home that truly stands apart.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017