3720 Del Monte Drive
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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%.
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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 |
|---|---|---|---|
| Apr 20, 2021 | Sold | ||
| Sold | |||
| Jan 29, 2021 | Listed by Compass RE Texas, LLC | $5,779,000 | |
| Listed by Compass RE Texas, LLC | |||
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You’re invited to discover 3720 Del Monte Drive, a new construction River Oaks masterpiece on 14,000+ sq. ft. lot, built and designed by award-winning Heritage Home Builders. The 7,457 sq. ft. residence, located beside Del Monte Park, has a tremendous open-concept layout with the kitchen opening to the large family and breakfast rooms. Professional Wolf/Subzero appliances and a center marble island that anchors the chef’s kitchen complete with a butler’s pantry, wet-bar, and a 600-bottle refrigerated wine room. Sliding bi-fold doors open to the beautiful backyard with covered outdoor kitchen, grill, fireplace & elegantly designed pool. Upstairs, the primary retreat features a spa-like master bath & a large boutique-inspired walk-in closet as well as cedar closet. Sizable garage apartment with kitchenette. High-efficiency AC units with foam insulation. Cameras installed for outside security. High-ceilings, white oak hardwood floors, and Venetian plaster throughout. Elevator installed.
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| May 29, 2019 | Sold | ||
| Sold | |||
| Jan 15, 2019 | Listed by Greenwood King Properties | $2,650,000 | |
| Listed by Greenwood King Properties | |||
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Offering a stellar location overlooking Del Monte Park, this vintage home has been elegantly updated.Banks of windows and French doors provide abundant natural light and serene views of the slate patio,firepit,magnolia-screened backyard,and picturesque guest house.The classic floorplan includes graciousformal rooms w/Palladian-style windows;refurbished or recent hardwood floors;dentil molding;an updated,open, gathering kitchen and breakfast room w/honed granite countertops,tumbled marble backsplash, and a breakfast bar;inviting sunroom;and a guest powder room w/an antique sink cabinet.Master suite includes a loft,marble-clad bathroom,and custom-fitted walk-in closet+additional closets.Updated secondary bathrooms are en-suite and include walk-in closets.Covered breezeway leads to recent guest house w/a raised ceiling,a dry bar + mini fridge,full bath,and large walk-in closet.Abundant interior and exterior storage.Built-in wire front pet kennels.All info per seller
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017