40 Alicante Circle
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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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Jan 8, 2025 | Listed by Equity Union | $1,795,000 | |
| Listed by Equity Union | |||
| May 10, 2019 | No longer available | - | |
| No longer available | |||
| Feb 15, 2019 | Listed | $1,095,000 | |
| Listed | |||
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Built by Toll Brothers in 2017, this model-like home embodies elegance and sophistication. The contemporary kitchen features caesarstone countertops, soft-closing drawers, stainless steel appliances and a large walk-in pantry. Upon walking through the grand entry, the voluminous great room awaits. Enjoy seamless indoor and outdoor living with pocket sliding glass doors. Each of the 4 spacious bedrooms (including the casita) are en suite and in addition, there is a large den which is perfect for an office or bonus room. Whether to entertain or relax, the expansive backyard is a desert oasis with a large covered patio and picturesque mountain views. This lightly lived in home also offers a stunning pool and spa, which were just built under a year ago. This community falls under IID (Imperial Irrigation District) for electricity. Welcome to Escala North, a beautiful collection of homes in Rancho Mirage. The manager has listed the unit size as 4213 square feet.
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About Escala
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017