19969 Elfin Forest Lane
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 |
|---|---|---|---|
| Sep 9, 2023 | No longer available | - | |
| No longer available | |||
| Aug 10, 2023 | In contract | - | |
| In contract | |||
| Jul 15, 2023 | Price Decreased |
$3,275,000
↓ $115K
(3.4%) | |
| Price Decreased | |||
| May 12, 2023 | Listed by Compass | $3,390,000 | |
| Listed by Compass | |||
| | |||
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Don't miss this extraordinary opportunity to own a top-tier equestrian property situated in the highly sought-after Elfin Forest area. This contemporary 4 bed, 4.5 bath Santa Fe-style estate offers seamless indoor outdoor living, combined with a detached 2 bed 1 bath guest home, located in the Rancho Santa Fe School District. Tucked behind a secure gate, this property is ideal for multiple generations or as an income-generating opportunity. Featuring over $1M in recent upgrades, the home combines extraordinary design and masterful detail, utilizing top designer finishes. The property is highlighted by lush low maintenance landscaping, awe-inspiring mountain views, a stunning 5-stall Castlebrook barn, 120 ft arena, owned solar, and immediate access to horseback riding trails - all without any HOA or Mello-Roos fees. The manager has listed the unit size as 4495 square feet.
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| Mar 2, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017