38787 Avenida La Playa
About This Property
This home is equipped with an awesome Gourmet Chef's kitchen with granite countertop and island, ready to spend time with family and friends. Cherry wood cabinets and stainless steel appliances.
Master bedroom has separate retreat equipped with his and hers walk-in closets and his and hers marble granite walk-in showers with oversized Jacuzzi tub. Bathroom also has vanity with custom lighting. The private sundeck off the master adds to experience.
Home also features a game and study room for your enjoyment. On a clear day or night, enjoy the lookout tower and observe the 180° of astonishing mountain views. Separate mother-in-law quarters with full bath and oversized tub. Great room with home theater and projector equipped with a 6 X 8 screen. Nutone intercom system and surround sound system for your entertainment pleasure. Ceiling fans throughout and recessed lighting. Outdoor security lights, 5-car garage.
On those summer, star-filled nights, relax in the custom pool and spa with soothing waterfalls. Turn this private back yard to your own personal oasis. It's an entertainer's dream. Oh, did I fail to mention, you're in Wine country. Just 2-3 minutes away from the nearby wineries
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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 |
|---|---|---|---|
| Mar 8, 2019 | Sold | ||
| Sold | |||
| Sep 11, 2018 | Listed by CALIFORNIA 5 STAR REALTY | $1,350,000 | |
| Listed by CALIFORNIA 5 STAR REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017