47755 Dancing Butterfly
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Dec 16, 2021 | Sold | ||
| Sold | |||
| Oct 10, 2021 | Listed by The Locklear Group | $380,000 | |
| Listed by The Locklear Group | |||
| | |||
|
This immaculate 3 BR, 2 BA home is located in the much desired gated 55+ development of Watercolors. Featuring high ceilings, upgraded modern flooring, custom shutters & ceiling fans throughout. This floor plan offers an open great room concept with a cozy fireplace in the living room, a spacious kitchen with gorgeous quartz counter-tops, generous cabinet space & breakfast bar with a built-in wine rack. The master bedroom is spacious with wood plank flooring, a large walk in closet and separate from the 2 guest rooms and guest bathroom. Master bathroom has been updated with a new vanity and quartz counter-top. Slider in the great room has access to an over-sized and covered saltillo tile patio with plenty of room for gardening and the perfect space for outdoor living. Watercolors is an income qualified community offering low maintenance living, community pool & spa and a clubhouse. Conveniently located near shopping & dining.This property carries a $85,000 silent second with the La Quinta Housing Authority and you must meet the moderate-income requirements. Total purchase price including silent second is 380,000. Down payment and loan amount are based on purchase price less the silent second ($380,000 - $85,000 = $295,000). Living in La Quinta, the Gem of the Desert for under 300K is a steal. Income limits (minimum and maximum income based on household size: 1 person $44,251 to $65,100,2 people $50,601 to $74,400,3 people $56,901 - $83,700,4 people $63,201 - $93,000.
| |||
| Dec 4, 2015 | Sold | ||
| Sold | |||
| Sep 19, 2015 | Listed by RE/MAX Consultants | $289,000 | |
| Listed by RE/MAX Consultants | |||
| | |||
|
Owner relocating out of Ca. reduced! Location! Upgraded! Gated! Privacy! low HOA's! 55+. Watercolor's is a must see! Live the desert lifestyle. This home is a beautiful light 3/2/2! Gorgeous huge tiled and landscaped patio! Bring your most discriminating client. This is the largest most desirable model with a separate big laundry room. Easy access from garage to kitchen, no carting your groceries up the hall! Over the top professional custom paint, shutters, glass storm door just to name a few must see upgrades! All this with 85K ss which makes your loan amt. only 204K with a must qual. sale price of 289K. Must be primary residence no rentals. Please pre-qual with City of La Quinta and your lender Please see attachment for restrictions.
| |||
| Nov 5, 2014 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017