6 Normandy Way
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 |
|---|---|---|---|
| Dec 11, 2019 | No longer available | - | |
| No longer available | |||
| Dec 5, 2019 | Sold | ||
| Sold | |||
| Sep 29, 2019 | Listed | $899,000 | |
| Listed | |||
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This extraordinary Victoria Falls home, located in the heart of Rancho Mirage, was custom designed at it's conception. The owners and developer worked together to create a one-of-a-kind plan. An open floor plan is just the beginning of this unique design. Spacious living areas feature 5 bedrooms, 4,5 baths, detached casita, fireplace in the master retreat with sitting area, and an exceptional office providing 4 work stations. Luxury upgrades throughout the home, including slate and hardwood floors, California closets, custom cabinetry, remodeled luxurious master bath, newer Viking and kitchen aid appliances with a subzero refrigerator. Solar (leased) keep monthly operating costs low for the newer AC units (2) and high efficiency water heaters (2). Lush custom landscaping by Ron Gregory blend together in and outdoor living areas creating ultimate privacy. The tranquil outdoor area includes pergola, fire pit, built-in barbecue, trampoline, organic soil planter boxes and enclosed dog run. The manager has listed the unit size as 4442 square feet.
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| Sep 7, 2019 | No longer available | - | |
| No longer available | |||
| Mar 28, 2019 | Price Decreased |
$949,000
↓ $150K
(13.7%) | |
| Price Decreased | |||
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About Victoria Falls
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017