78875 Wakefield 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 |
|---|---|---|---|
| Sep 28, 2020 | Sold | ||
| Sold | |||
| Aug 7, 2020 | Listed by Keller Williams Realty | $595,000 | |
| Listed by Keller Williams Realty | |||
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This is a rare opportunity to own a property in a highly desirable neighborhood with one of the best views in North La Quinta. This home has no neighbors to the South which results in unobstructed mountain views. The gourmet kitchen features upgraded Maple cabinets, granite countertops, stainless steel appliances, breakfast nook, and a glass door pantry. The kitchen opens to a living room with a fireplace for an open concept living area. The center of the home has a formal dining and sitting area that can be used as a flex space with real Brazilian Cherry wood flooring. The other common areas feature a cushion tile floor with carpets in the bedrooms. The Owner's Suite has separation from the other rooms for privacy. It is oversized and has two closets and an upgraded spa-like bathroom with Travertine tile, custom shower enclosure, and soaking tub. The real showstopper is the resort style backyard with pebble-tech pool and spa, lighted tiki bar, Alumawood patio covers, multiple hardscape seating areas, grass, mature landscaping, and panoramic mountain views. This home has been an extremely successful short term rental. No HOA, low taxes, and located in IID for low electric costs.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017