50385 Logan Creek Drive
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 |
|---|---|---|---|
| Mar 14, 2024 | Sold | ||
| Sold | |||
| Dec 12, 2023 | Listed by California Lifestyle Realty | $1,049,000 | |
| Listed by California Lifestyle Realty | |||
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Enjoy Desert living at its finest! This highly upgraded Liberty model boasts 3 bedrooms and 3 bathrooms spanning over 2,367 SqFt of open living space. The home sits on a premium corner lot on the greenbelt with stunning Southern Mountain views and a private oasis with your pebble tech saltwater pool featuring travertine tiling, tanning ledge, stone ledge rock wall, four waterfalls, and two fire bowls. The backyard has also been customized with an extended lanai, pavers, desert landscaping, and 52 Ficus trees. Inside, the home shows like a model and is being sold fully furnished with premium furniture including your home gym equipment. Enjoy indoor/outdoor living and entertaining with the custom pocketing doors and floor to ceiling accent fireplace. The home also features 5-inch molding, upgraded Quartz counters in the kitchen and bathrooms, custom electric Hunter Douglas blinds, an air purifier system in the attic, and Osmosis water treatment system throughout the home. Completed in 2021, this home feels brand new. HOA fees are $195/month, optional club dues are $183/month. The optional club membership transfer fee is $1,875 whereas a new membership would cost $12,500. Club amenities include tennis, pickleball, fitness center, resort and lap pools, poker/billiards room, restaurant, and culinary studios, plus a beautiful clubhouse.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017