5680 Descartes Circle
About This Property
The kitchen offers a full complement of appliances as well as abundant work and storage areas -including a menu-planning desk and breakfast bar. Solid-wood cabinets are finished in a light ivory color, complementing the warm grani counter top. Adjacent to the kitchen are the family and casual dining rooms, affording tremendous flexibility when wanting to accommodate a large gathering of family or guests. The owner's suite comprises a private wing that includes a spacious bedroom, oversized bathroom with immense shower, two walk-in closets and double vanities on a beautiful granite counter top. The oversized yard includes a free-form swimming pool and spa, an intimate fire-pit seating area, a paved sports court and abundant landscaping plus a sizeable covered patio which can be enjoyed all year. The 5th bedroom (loft) wall can be removed for a 4-bedroom plan with open loft/den overlooking the great room.
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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.
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 |
|---|---|---|---|
| Apr 4, 2022 | Sold | ||
| Sold | |||
| Jan 31, 2022 | Listed by Douglas Elliman | $675,000 | |
| Listed by Douglas Elliman | |||
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About Tartan Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017