51 Merlot
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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 9, 2021 | Sold | ||
| Sold | |||
| Dec 10, 2020 | Listed by eXp Realty of California, Inc | $750,000 | |
| Listed by eXp Realty of California, Inc | |||
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Lounge chairs view west across PRIVATE POOL, spillway of raised spa, flames at conversational fire-pit to a backdrop of the San Jacinto Mountains & Sunset! FIRST hand-picked premium corner 10,000+ sq.ft. lot from Phase One can be yours! Expanded popular Refuge Model. Open concept floor plan features large kitchen island, fireplace, and wall of glass looking out to totally private patio with raised planter, water feature and plenty of room for entertaining. The 3rd Bedroom can function as a den/media room with option to install French Doors directly to private pool lounging area. In addition you have a private office from center hallway. Many interior upgrades listed on attachment, including 12 owned solar panels, AV Surround Sound System, Cabinets, Flooring, Tile, Doors, Window Coverings, Appliances, complete hard/landscape and much much more! Ownership at newest 55+ Dell Webb Rancho Mirage Community includes 20,000 square foot recreation center, world-class fitness center, billiard, indoor golf simulator, resort-style pool with lap lanes, tennis, pickle ball and bocce ball. Hiking trails that stretch throughout the community. Move-in Ready! Low HOA!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017