84456 Ponte Court
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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 |
|---|---|---|---|
| May 20, 2022 | Sold | ||
| Sold | |||
| Apr 1, 2022 | Listed by HomeSmart | $1,099,000 | |
| Listed by HomeSmart | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jun 1, 2021 | No longer available | - | |
| No longer available | |||
| May 19, 2021 | Listed | $649,900 | |
| Listed | |||
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Fantastic opportunity to buy a great ''short term rental'' property with unlimited potential! This home is located in the coveted community of Terra Lago which allows short term rentals! This property sits at the end of a cul-de-sac with an unbelievable sized lot with unobstructed mountain and canyon views to the north. This gem of a home will be a cash cow of a rental once the backyard is developed. There's enough room to build a pool home, huge pool, putting green with room to spare. Properties with lots like this in the community rarely hit the market and will be sold in a blink of an eye. The interior is fully furnished with designer furnishings. The interior consists of three bedrooms, two baths with a potential to convert into a fourth bedroom. The kitchen has been nicely upgraded and is open to the living area. If you're a serious investor looking to get into the ''short term rental'' market and is willing to create an outdoor paradise, don't let this opportunity pass you by. The potential to make this property a cash cow is there! Call me before it's gone! The manager has listed the unit size as 2012 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017