55645 Turnberry Way
About This Property
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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 |
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| Sep 2, 2017 | Listed | $1,059,000 | |
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These are the best views at the Norman Course! West Facing and on the Golf Course. The back yard is just amazing! If you are looking for a special property with a large lot and many upgrades this is for you. Seller's painted both interior and exterior of home 16 months ago and added new awnings. This 4 Bedroom home is done in neutrals and has many upgrades. A Detached Casita, Chef's Kitchen, and a large family room with fireplace compliment this truly open concept floor plan. Enjoy both formal and informal dining as well as a fabulous courtyard where you can relax and retreat! A huge pebble tech pool and spa with a BBQ are just waiting! You can play the Greg Norman Course by the round without a membership. Come see the value that this property has to offer. With Four Bedrooms and this view you could turn this home into a great rental property Desert landscaping with new artificial turf in courtyard and rear. New A/C as of July 2017 The manager has listed the unit size as 3829 square feet.
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| Jan 28, 2015 | Sold | ||
| Sold | |||
| Sep 12, 2014 | Listed by California Lifestyle Realty | $939,000 | |
| Listed by California Lifestyle Realty | |||
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PRICE REDUCTION!! Sellers are motivated! Best price in the Norman Course and Offered TURNKEY FURNISHED (per inventory list)! Located on the 6th Fairway of the Greg Norman Course at PGA West with Majestic Mountain Views. This is sure to delight whether a full time residence or winter getaway. Includes a detached casita-perfect for guests or as a tranquil office. Features include quality furnishings, travertine flooring and berber carpet in the bedrooms. Granite counters, beveled subway tiles with deco insert above cooktop, high end appliances, large island and sunken wet bar. A great room that opens both to the back patio and inside courtyard and a dining room that opens through French Doors to the interior courtyard as well!! 2 BR + Detached Casita. Potential for a 4th BR w/ connected bathroom in lieu of Living Room/Parlor.
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About Norman Course
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017