47745 Soft Moonlight
About This Property
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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 23, 2021 | Sold | ||
| Sold | |||
| Jan 30, 2021 | Listed by The Locklear Group | $305,000 | |
| Listed by The Locklear Group | |||
| Apr 26, 2013 | Sold | ||
| Sold | |||
| Jan 12, 2013 | Listed by RRDC, Inc. | $217,000 | |
| Listed by RRDC, Inc. | |||
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Watercolors is a gated 55+ development in prime La Quinta location. This development is product of City of La Quinta Redevelopment Agency - Price to buyer is $169,900 with city assistance of $48,000. Total sales price is $217,900. Income restrictions: 1 person $37,551 to maximum $53,150 and 2 people $42,901 to maximum $60,750. Community pool and spa. Watercolors is located off of Avenue 48 between Adams and Dune Palms. Convenient to shopping and restaurants.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017