3233 N 89TH Place
About This Property
3233 N 89th Pl is a 2-story Mesa custom home built in 2005, Presents 4 bedrooms and 3 bathrooms across 4,277 square feet. The kitchen features dark wood cabinetry, granite countertops, a center island with pendant lighting, and stainless steel appliances. The grand entry with curved staircase and arched hallways flows into expansive living areas with tile flooring and desert views from large windows. The primary bathroom includes a double vanity, a soaking tub, and a separate walk-in shower with tile surround. A covered loggia with desert landscape views, a laundry room
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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 1, 2026 | Price Decreased |
$1,145,000
↓ $30K
(2.6%) | |
| Price Decreased | |||
| Sep 10, 2026 | Price Decreased |
$1,175,000
↓ $20K
(1.7%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$1,195,000
↓ $30K
(2.5%) | |
| Price Decreased | |||
| Jul 17, 2026 | Price Decreased |
$1,225,000
↓ $25K
(2%) | |
| Price Decreased | |||
| Jun 23, 2026 | Listed by Opendoor Brokerage, LLC | $1,250,000 | |
| Listed by Opendoor Brokerage, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017