$152,000
●
House -
Off Market
1250 Mullet Avenue
Thermal, CA 92274
3 Beds
2 Baths
1,200 Ft²
$210,755
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
1250 Mullet Ave, Salton City. Move in Ready, nicely painted 3
Bedroom, 2 full Baths. Tile & Laminate floors thru out.
Open concept living room / dining room. You own the
land, No HOA, Lower IID electric. Home is located in Vista
Del Mar tract. 2 Car Finished garage that has side entry door
to garage and entry door to 3rd bedroom, Perfect for a home office.
Fenced rear yard with covered patio. Room for trailer or RV
parking on side. Front door faces South so rear yard is
shaded in the summer months. Nice Street with sidewalks
and homes that show pride of ownership. Newer appliances and
HVAC. Salton Sea area is growing nicely with new homes being
developed and new restaurant food court at the AMPM. Area
know for gorgeous winter weather. Prices are rising in the area.
Buy this home while prices are affordable. Close to
desert cities like Thermal, Coachella, Indio, Brawley, El Centro,
Ocotillo Wells and Borrego Springs.
Unit Size
1,200 Ft²
Days on Market
194 days
Land Size
0.22 acres
Price per sqft
$127
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2006
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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: 4 months ago (CRMLS #219037203DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2023 | No longer available | - | |
| No longer available | |||
| Mar 9, 2023 | In contract | - | |
| In contract | |||
| Feb 17, 2023 | Listed by HomeSmart Professionals | $254,500 | |
| Listed by HomeSmart Professionals | |||
| | |||
|
This home is a great opportunity for first time home buyers! It's a 3 bedrooms, 2 bathrooms home and is equipped with tile flooring in the living and dinning room areas. Bedrooms have laminated wood like flooring. Kitchen has tile counters and comes with all appliances included. There's a huge backyard with beautiful mountain views for entertaining guests or young children and pets. RV or trailer parking is available on the side of the house. This property is located in the IID area. This home won't last long on the market, call me for an appointment and see the home in person! The manager has listed the unit size as 1200 square feet.
| |||
| Jul 31, 2020 | Sold | ||
| Sold | |||
| Jan 17, 2020 | Listed by Desert Gold Properties Inc. | $152,000 | |
| Listed by Desert Gold Properties Inc. | |||
| | |||
|
1250 Mullet Ave, Salton City. Move in Ready, nicely painted 3 Bedroom, 2 full Baths. Tile & Laminate floors thru out. Open concept living room / dining room. You own the land, No HOA, Lower IID electric. Home is located in Vista Del Mar tract. 2 Car Finished garage that has side entry door to garage and entry door to 3rd bedroom, Perfect for a home office. Fenced rear yard with covered patio. Room for trailer or RV parking on side. Front door faces South so rear yard is shaded in the summer months. Nice Street with sidewalks and homes that show pride of ownership. Newer appliances and HVAC. Salton Sea area is growing nicely with new homes being developed and new restaurant food court at the AMPM. Area know for gorgeous winter weather. Prices are rising in the area. Buy this home while prices are affordable. Close to desert cities like Thermal, Coachella, Indio, Brawley, El Centro, Ocotillo Wells and Borrego Springs.
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Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Salton City
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Listed by: Michelle Gold, Desert Gold Properties, Inc.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219037203DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219037203DA
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