12 Pinotage
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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 27, 2025 | Sold | ||
| Sold | |||
| Jan 27, 2025 | Listed by Equity Union | $819,000 | |
| Listed by Equity Union | |||
| | |||
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$40,000 Price Reduction! Welcome to your dream retreat in the highly coveted PHASE 1 of Rancho Mirage! This stunning Spanish SERENITY, PLAN 8 model effortlessly combines elegance, comfort, and modern living. With dual primary ensuites and an optional half bath, this home is designed for both convenience and luxury. Step into an open-concept layout featuring soaring ceilings, energy-efficient LED lighting, and expansive walls of windows that flood the great room with natural light. Enjoy seamless indoor-outdoor living with upgraded center sliding doors, custom porcelain tile flooring, and stylish window treatments throughout. The main primary suite is a tranquil haven, offering ample light, a spa-like stall shower with a bench, dual vanities, and a spacious walk-in closet. The second bedroom, a private Jr. Suite with its own entrance, includes a full bathroom and a large closetperfect for guests or multi-generational living.The gourmet kitchen is a chef's delight, boasting natural granite countertops, staggered 42" upper cabinets with crown molding, a custom tile backsplash, and dovetail jointed soft-close drawers. The extra-deep, epoxied garage is ideal for large vehicles or additional storage, while the private backyard provides a peaceful escape. Featuring low-maintenance artificial turf, a covered patio, and open walls overlooking a serene walking path, it's the perfect spot to unwind or entertain.This home is equipped with a leased Tesla SOLAR system ($117/month) for energy efficiency and grants access to world-class resort-style amenities. Enjoy tennis, pickleball, bocce ball, state-of-the-art fitness facilities, sparkling pools, a clubhouse with a bar/lounge, billiards, a putting green, and so much more. Here, you're not just buying a homeyou're embracing a lifestyle. Welcome to your oasis in Rancho Mirage!
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| May 23, 2019 | Sold | ||
| Sold | |||
| Feb 12, 2019 | Listed by Pulte Homes of California, Inc | $553,000 | |
| Listed by Pulte Homes of California, Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017