48403 Alamonte Court
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%.
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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 |
|---|---|---|---|
| Oct 2, 2020 | Sold | ||
| Sold | |||
| Nov 4, 2019 | Listed by Bennion Deville Homes | $818,000 | |
| Listed by Bennion Deville Homes | |||
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Exclusive guard gated community of ''Monterra'' is located high in South Palm Desert yet conveniently located to El Paseo. Elegant floorplan with 3 bedrooms each with their own Ensuite + powder bath. Great sunny large lot with private pool & spa located in private cul-de-sac. Double door entry into the great room w/ marble floors, sunken wet bar, fireplace w/ walls of windows and light. Formal dining room w/ patio, family room and kitchen open off the living area. Covered patio with expansive side yard. Kitchen has been upgraded with black granite and custom stainless appliances. Master bedroom suite has fireplace and sitting area with his & her separate baths with 2 walk-in closets. Sellers have made many improvements in 2018 including: Exterior painting, New dual HVAC systems, Rheem 75-gallon hot water tank, New exterior lighting, Roof maintenance, Landscape and fresh interior. Elegant decor included; home is being offered turnkey furnished per Seller written inventory list. Welcome home!
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017