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981 Alta Cresta
About This Property
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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 |
|---|---|---|---|
| Dec 18, 2014 | Sold | ||
| Sold | |||
| Nov 7, 2014 | Listed by Barnett California Realty | $439,000 | |
| Listed by Barnett California Realty | |||
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The Estrella Model is the largest floor plan in Mountain Gate offering 3,015 square feet of living space, 4 bedrooms, 3 baths, and den/office. Per square foot, this is one of the lowest priced homes in Mountain Gate. Spacious and open floor plan offers a large master suite, great room, open kitchen, formal living room, den/office, double sided fireplace, laundry room, and plenty of storage space. The backyard is south facing, has plenty of room to add a private pool/spa, and offers incredible mountain views. The property also has an attached 2 car garage and RV parking space. Mountain Gate is a gated Palm Springs community with 3 pools, 2 tennis courts, and low HOA dues of $110.00 per month. The seller is offering the buyer a $6,000 flooring allowance at the close of escrow. All information deemed reliable, but not guaranteed. Interested parties are advised to complete their own due diligence regarding all aspects of the property.
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Property Highlights
Building Info
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Status
Price/ft²
Listed On
Sold On
About Mountain Gate
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
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$5,000 /mo
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- 1,108 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017