47457 Miami Highlands Drive
About This Property
The work has already been done, now it's time to enjoy this special home. Outside, the landscaped yard features drip irrigation & auto timers, along with expansive defensible space per CalFire guidelines. Also, the new roof installed in 2022 & fresh exterior paint indicate a commitment to maintaining the outdoor space. Inside, the updated & remodeled kitchen with quartz countertops, higher end appliances, custom cabinetry & new flooring bring a touch of luxury to the heart of the home. The spacious primary bedroom with a remodeled bathroom is a retreat, with features like a soaking tub, separate shower & dual sinks. Improving the energy efficiency of the home was a top priority. The addition of the Nest-operated high-efficiency HVAC system, Quiet Cool whole-house and attic fans, & the insulated garage door all work to keep the house comfortable in every season. The resurfaced access road contributes to the overall appeal & ease of access of the property. Minutes to Yosemite National Park, Bass Lake & the center of downtown Oakhurst. Thoughtful upgrades & serene surroundings make for a desirable place to live, relax, and play
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 4, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| May 15, 2024 | Listed by Century 21 Select Real Estate | $599,000 | |
| Listed by Century 21 Select Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017