2 Lincoln Place
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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jun 25, 2024 | Listed by Equity Union | $999,000 | |
| Listed by Equity Union | |||
| Feb 26, 2016 | Sold | ||
| Sold | |||
| Jan 9, 2016 | Listed by Windermere Homes & Estates | $525,000 | |
| Listed by Windermere Homes & Estates | |||
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This property is located in the small enclave of homes in Rancho Mirage known as Presidential Estates. This community is a hidden jewel in Rancho Mirage. This home has 2384 sq. ft. of a entertainers delight, from the beautiful gourmet chef's kitchen that has all top of the line Thermador, Sud-zero and Viking appliances to the chef's prep sink to the island top built in Thermador cook top/range with overhead stainless steel vent top, to the rich cherry wood cabinetry absolutely beautiful. This property has been updated since the purchase by the present owners with fresh paint, ceiling fans, accent tile in shower,new carpets throughout, re-facing of bath cabinets to new pool equipment with remote hand held controls. This home has some beautiful mountain views from the rear-yard to enjoy while lounging by your sparkling pool and spa. The rear yard is private and has lush landscaping and citrus trees all sitting on a huge lot. What a bargain at this listing price. To see is to buy!
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| Mar 29, 2013 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017