75388 Montecito Drive
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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%.
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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 2, 2022 | Sold | ||
| Sold | |||
| Mar 30, 2022 | No longer available | - | |
| No longer available | |||
| Mar 30, 2022 | Listed by Compass | $899,000 | |
| Listed by Compass | |||
| | |||
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Indulge in the ideal indoor-outdoor lifestyle offered by this impressively designed residence in a highly desirable Indian Wells enclave! An intricately detailed doorway opens to a welcoming layout with double-paned windows and sliders that sweep in abundant sunlight throughout the interior,especially in the living room with a dramatic fireplace. Any home chef would be delighted with the stylish kitchen, from the top-of-the-line appliances to the granite countertops and tons of cabinetry. Relax in the privacy of your primary suite featuring dual vanities, a tub, and a walk-in shower in its ensuite. Bring the party outdoors on the covered patio with an adjacent built-in BBQ. Relish in the sensational mountain views from your secluded backyard that treats you to a saltwater pool and a hot tub. Other noteworthy features include an office, newer garage doors, plus energy-efficient upgrades like HVAC and HEPA air scrubber, plus avariable pool pump. As an added perk, an enviable location sets you near the Tennis Garden along with El Paseo's restaurants and shopping options. Come for a tour of this stunning gem today!
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| Mar 16, 2022 | Relisted | $925,000 | |
| Relisted | |||
| Mar 13, 2022 | No longer available | - | |
| No longer available | |||
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About Rancho Palmeras Estates
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$7,600 /mo
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$6,500 /mo
- 3 Beds
- 2 Baths
- 1,921 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017