49111 Paradise Avenue
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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 |
|---|---|---|---|
| Dec 16, 2023 | No longer available | - | |
| No longer available | |||
| Dec 13, 2023 | In contract | - | |
| In contract | |||
| Sep 27, 2023 | No longer available | - | |
| No longer available | |||
| Sep 27, 2023 | Listed by Coldwell Banker Realty | $569,000 | |
| Listed by Coldwell Banker Realty | |||
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Discover your dream home in the heart of the high desert, where style and luxury meet harmoniously in this serene, nature and wildlife lovers paradise. This sophisticated and warm custom-built, newly constructed home is set on 1.5 acres and boasts 3 bedrooms, 3 bathrooms, with a level of craftsmanship that's second to none. Step inside and be greeted by state-of-the-art appliances in the gourmet kitchen, perfect for culinary enthusiasts. High-end decorator finishes adorn every corner, showcasing a commitment to quality where no expense has been spared. The home's open-concept design features vaulted ceilings and an abundance of natural light, creating a spacious and inviting atmosphere. Revel in the breathtaking panoramic mountain views that surround you, providing a sense of tranquility and escape from the everyday. This all-new energy efficient property offers you the best of both worlds only 20 minutes from the vibrant energy of Palm Springs, with its world-class dining, shopping, and entertainment, and less than 30 minutes from the captivating landscapes of Joshua Tree National Park.
Nature enthusiasts will relish the proximity to attractions like Big Morongo Canyon Preserve and the Sand to Snow National Monument. Just add your personal style to the landscaping and perhaps a hot tub or cowboy pool. With endless opportunities for hiking, horseback riding and wildlife, you'll be living the desert lifestyle to its fullest in the comfort of this sunning brand new home. The manager has listed the unit size as 1693 square feet.
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| Sep 2, 2023 | Price Decreased |
$549,999
↓ $29K
(5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017