115 Venice Lane
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 |
|---|---|---|---|
| Oct 21, 2022 | No longer available | - | |
| No longer available | |||
| Oct 20, 2022 | Listed by Desert Gold Properties, Inc. | $49,990 | |
| Listed by Desert Gold Properties, Inc. | |||
| | |||
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Desert Shores, Ca. 115 Venice Lane. Vacant Residential lot located at the Desert Shores Canals close to the Salton Sea. Area that is slated to be one of the first areas around the sea to be able to get water back into the canals. You own the land. No HOA fees, lower IID electric in this area. These lots used to be able to have direct access to the sea via boat or water craft. Property sold ''As-Is'', Seller and/or agent make no warranties except as to title.
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| May 9, 2014 | Sold | ||
| Sold | |||
| Feb 28, 2014 | Listed by Fathom Realty Group Inc. | $55,000 | |
| Listed by Fathom Realty Group Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017