716 Elk Clover Circle
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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 |
|---|---|---|---|
| Jan 28, 2022 | Sold | ||
| Sold | |||
| Oct 7, 2021 | Listed by Bennion Deville Homes | $1,899,999 | |
| Listed by Bennion Deville Homes | |||
| Oct 1, 2021 | No longer available | - | |
| No longer available | |||
| Aug 17, 2021 | Listed by Bennion Deville Homes | $1,999,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
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Every inch of this beautiful Ocotillo 2 has been upgraded, not one stone has been left unturned. This warm and cozy French provincial style home has had walls removed, rooms created, spaces enlarged and exquisite details at every turn. Engineered wood flooring throughout, crown molding, 8 inch baseboards, all new LED lighting, doors and so much more. Brand new gourmet kitchen with custom cabinetry, extra large island with honed marble counter tops, brand new Wolf appliances, Subzero refrigerator and a chefs dream pantry. Every bathroom has been totally remodeled and redesigned and includes designer flooring, unique individual vanities, gorgeous tiled showers and brand new toilets. The primary bedroom has been modified with a massive walk-in closet with custom built-ins and organization. Primary bathroom will not disappoint with double pedestal sinks and huge walk-in shower. Even the laundry room is a show stopper! Enjoy watching the morning sunrises from your elevated private back patio surrounded by beautiful landscaping, tons of roses and stunning lake and mountain views. The home overlooks the 16th hole of the Arroyo course and is located on a sought after cul-de-sac. Club or Golf Membership available. Call us today for a private showing before this one is gone! The manager has listed the unit size as 3255 square feet.
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| Sep 19, 2019 | No longer available | - | |
| No longer available | |||
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About Palm Desert
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$6,800 /mo
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$6,200 /mo
- 2 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017