70338 Calico Road
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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 |
|---|---|---|---|
| May 14, 2022 | No longer available | - | |
| No longer available | |||
| May 12, 2022 | Sold | ||
| Sold | |||
| Mar 28, 2022 | In contract | - | |
| In contract | |||
| Mar 23, 2022 | Listed by Pacific Sotheby's International Realty | $2,200,000 | |
| Listed by Pacific Sotheby's International Realty | |||
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Welcome to Thunderbird Heights. This Mid-Century home was one of the first homes built, taking advantage of the expansive views through the glass walls designed by Howard Lapham. As you enter the lush private courtyard, you find the pool, spa, and covered patio area surrounded by mountain views. Inside the home, you are greeted by valley floor views which you can also see from the dining area and Master bedroom. The kitchen offers beautiful quartz countertops, contemporary cabinets, and high-end stainless steel appliances, including a double refrigerator and freezer. You have three bedrooms inside, all with gorgeous bathrooms with slab-marble walls. You also have a detached casita that opens up the pool and courtyard with another slab-marble wall. The home is completely energy efficient with newer mini-splits and owned solar panels. The manager has listed the unit size as 3259 square feet.
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| Feb 27, 2022 | Listed by Desert Sotheby's International Realty | $2,200,000 | |
| Listed by Desert Sotheby's International Realty | |||
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About Thunderbird
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017