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29005 N 46TH Way
About This Property
Spanning 2,883 square feet, the interior showcases a chef's kitchen outfitted with high-end appliances, an integrated commercial-sized refrigerator/freezer, and seamless flow into expansive living spaces. Fully remodeled bathrooms, dedicated built-in executive workstations, and a high-efficiency A/C system (installed 2023) deliver turn-key convenience.
Step outside to an entertainer's backyard complete with extensive paver decking, clean turf accents, an extended covered patio, upper-level balcony, and a refreshing pool. Conveniently located near top-rated Cave Creek amenities, shopping, and dining.
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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 |
|---|---|---|---|
| Oct 16, 2026 | Price Decreased |
$759,000
↓ $20K
(2.6%) | |
| Price Decreased | |||
| Sep 11, 2026 | Price Decreased |
$779,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Jul 11, 2026 | Price Decreased |
$799,000
↓ $31K
(3.7%) | |
| Price Decreased | |||
| May 22, 2026 | Listed by EveryPlace | $829,900 | |
| Listed by EveryPlace | |||
| May 18, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017