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51780 Avenida Morales
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%.
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 |
|---|---|---|---|
| Oct 1, 2020 | Sold | ||
| Sold | |||
| Mar 10, 2020 | Listed by La Quinta Palms Real Estate Co | $329,900 | |
| Listed by La Quinta Palms Real Estate Co | |||
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Wow! This is the one you have been waiting for with unobstructed views of the Santa Rosa mountains! Don't miss seeing this home with a unique floor plan that includes approximately 1,560 SF with two large master suites each with vaulted ceilings, sliding glass doors to the covered rear patio and their own private bathrooms. The open living room has vaulted ceilings, ceramic tile flooring and lots of natural light which leads to the central dining area and kitchen. The kitchen includes dark wood cabinets with formica counter tops, an eating bar, natural gas oven/stove, SS dishwasher, sky light and and an access door to the side yard. There is a private courtyard entry with amazing mountain views currently used as a patio but with room for a pool/spa. Other features include a tile roof, a finished 2 car garage with epoxy floors and opener, a near full length rear covered patio (lanai style), low to no maintenance desert landscaping, ceramic and saltillo tile throughout, block wall on two sides of rear yard, ceiling fans and more! This home has natural gas and is connected to public sewer. What a great opportunity to own your own slice of paradise in La Quinta!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017