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60988 Prescott
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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 |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| May 6, 2024 | Listed by Joshua Tree Modern | $698,000 | |
| Listed by Joshua Tree Modern | |||
| | |||
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Pool house paradise! And now a huge price reduction. Lush three level landscaping with greenhouse, sheds and raised garden beds. This 4-bedroom, Office/Den, and 3 bath property features dining area with stone fireplace, exotic acacia wood flooring, new dual pane windows, new interior paint and trim throughout. Vaulted ceiling patio with stonework and ivy invites entertaining or meditation space. Newly renovated kitchen features solid wood fronts with soft-close hardware, quartz countertops, farmhouse sink, backsplash tiles from Spain, new appliances (including induction oven also plumbed for gas oven as well). Newly renovated laundry room and pantry with floor to ceiling matching cabinets, high efficiency washer and dryer, and modern tiles. Pomegranate, lime, fig, plum, apricot, and avocado trees flourish on the estate with a timed irrigation system, along with several patio seating areas including a large poolside deck. The house sits up on a rise, giving exquisite sunset and sunrise views of the mountains and valley. Sweeping sky views at night with twinkling town lights as a distant backdrop. Two block walk to Nancy Karl Trail in Joshua Tree National Park or Friendly Hills play park. Less than a mile from highly desirable Friendly Hills elementary school. Perfect privacy in a serene verdant setting.
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| Jun 24, 2019 | Sold | ||
| Sold | |||
| May 13, 2019 | Listed by Coldwell Banker Roadrunner | $347,000 | |
| Listed by Coldwell Banker Roadrunner | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017