54504 Southern
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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%.
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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.
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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 |
|---|---|---|---|
| Feb 9, 2024 | Sold | ||
| Sold | |||
| Nov 18, 2023 | Listed by Compass | $1,248,000 | |
| Listed by Compass | |||
| Oct 20, 2015 | Sold | ||
| Sold | |||
| Nov 15, 2014 | Listed by California Lifestyle Realty | $649,000 | |
| Listed by California Lifestyle Realty | |||
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Fantastic Value of this beautiful maintained Montecito Plan 2 with dramatic sweeping south east views looking down the 7th fairway of the Jack Nicklaus Tournament Course to the Coral Mountains. Highly upgraded with every detail tended to. This great room floor plan is popular for its open layout and expansive views all the way from the kitchen, great room, living room and dining area. Located on the 7th tee box but unique because you enjoy mountain and fairway view yet the pool and spa are sheltered for total privacy. The entrance is dramatic yet inviting with a tasteful accent of black absolute granite in entry and guest powder room. Features include: lighting, radius corners, spacious walk-in closets, staggered 20'' travertine looking tumbled edged ceramic flooring, full three car garage. Private, large entry courtyard. Sold tastefully designer furnished per inventory ... desert casual elegance.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017