Listed by: Tiffany Fairfield-Ecklund, Desert Sands Realty
$517,000
●
House -
Off Market
112 Romanza Lane
Palm Desert, CA 92211
4 Beds
4 Baths,
1
Half Bath
2,389 Ft²
$658,918
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
ATTN INVESTORS!!! #1 floor plan. Open Concept. See Attached
Diagram: 10 Ft. ceilings. 2 MASTER SUITES or attached CASITA
w/direct access French door to private gated courtyard.4 BR's/3.5
BA's, $120K UPGRADES: 20 x 20 floor tiles, Premier 5'' shutters &
6'' baseboards throughout: Stainless steel appliances, Dishwasher,
Refrigerator, Washer/Dryer & DUAL ovens. Water heater & re-circ
system (allows 3 showers at once). Owned ADT alarm-monitoring
system. Custom closet built-ins Premium ceiling fans. Huge
Alumawood patio cover, $1200 rehab both A/C units in Aug. NEW
SunRun SOLAR PANELS; 1925 kwh's/m - ONLY 15₵ kwh. Mature
landscaping. Drywalled 2-car garage + tandem (some homeowners
converted to 110sf room). Approx. 25-acre lot on quiet cul-de-sac.
Plenty of yard for pool/spa. Awarded Energy Champion Home. Current
senior home care facility. Seller will Guarantee buyer $2,800/mo
first 3 years & $2,850/mo Year 4. Term of Lease agreement thru
8/31/25.SELLER WILL CARRY 2nd. Next to Ronald Reagan Elementary
2016 Gold Metal School/Title 1 Achieving School Recipient & Freedom
Park: baseball/softball/soccer/ basketball/16-courts pickle ball/
volleyball /skate park/dog park. Interior location. HOA ONLY $87,
healthy budget. Palm Valley CC offers Capri family discounted
membership: Spa, weights & cardio, racquetball, restaurant, lounge,
Olympic Pool access. DO NOT DISTURB TENANTS NOR KNOCK ON DOOR.
(Pics to follow once CA is out of purple tier).
Unit Size
2,389 Ft²
Days on Market
51 days
Land Size
0.23 acres
Price per sqft
$222
Property Type
House
Property Taxes
-
HOA Dues
$87
Year Built
2005
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Monthly Rental Income
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (CRMLS #219055979DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 12, 2021 | Sold | ||
| Sold | |||
| Jan 21, 2021 | No longer available | - | |
| No longer available | |||
| Jan 20, 2021 | Listed by Desert Sands Realty | $529,900 | |
| Listed by Desert Sands Realty | |||
| Oct 23, 2020 | Price Decreased |
$534,900
↓ $15K
(2.7%) | |
| Price Decreased | |||
| Oct 15, 2020 | Listed | $549,900 | |
| Listed | |||
| | |||
|
ATTN INVESTORS!!! #1 floor plan. Open Concept. See Attached Diagram: 10 Ft. ceilings. 2 MASTER SUITES or attached CASITA w/direct access French door to private gated courtyard.4 BR's/3.5 BA's, 10' ceilings. $120K UPGRADES: 20 x 20 floor tiles, Premier 5'' shutters & 6'' baseboards throughout: Stainless steel appliances, Dishwasher, Refrigerator, Washer/Dryer & DUAL ovens. Water heater & re-circ system (allows 3 showers at once). Owned ADT alarm-monitoring system. Custom closet built-ins Premium ceiling fans. Huge Alumawood patio cover, $1200 rehab both A/C units in Aug. NEW SunRun SOLAR PANELS; 1925 kwh's/mo. Mature landscaping. Drywalled 2-car garage + tandem (some homeowners converted to 110sf room). Approx. 25-acre lot on quiet cul-de-sac. Plenty of yard for pool/spa. Awarded Energy Champion Home. Current senior home care facility. Monthly rent @ $2695 and $2,830 Year 5. Seller will Guarantee buyer $2,800/mo until Year 5. Term of Lease agreement thru 8/31/25.SELLER WILL CARRY 2nd. Next to Ronald Reagan Elementary 2016 Gold Metal School/Title 1 Achieving School Recipient & Freedom Park: baseball/softball/soccer/ basketball/16-courts pickle ball/ volleyball /skate park/dog park. Interior location.HOA ONLY $87, healthy budget. Palm Valley CC offers Capri family discounted membership: Spa, weights & cardio, racquetball, restaurant, lounge, Olympic Pool access. DO NOT DISTURB TENANTS NOR KNOCK ON DOOR. (Pics to follow once CA is out of purple tier). The manager has listed the unit size as 2389 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palm Desert
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Listed by: Tiffany Fairfield-Ecklund, Desert Sands Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219055979DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219055979DA
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