15 Covington Dr. Drive
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 |
|---|---|---|---|
| Sep 19, 2018 | Sold | ||
| Sold | |||
| Jun 12, 2018 | Listed by HK Lane Real Estate | $639,900 | |
| Listed by HK Lane Real Estate | |||
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This very conveniently located home can be found behind the gates of Montecito Homes in Palm Desert. This gated community has location, location, location. If that isn't enough, the home and pool offer some of the best living in the desert. 2865 Sq Ft. with all the luxuries you'd expect. Formal living room, formal dining room, large and open great room, a dinette area and kitchen island. And it has almost all the amenities you'll need to just move in. Pots, pans, plates and dishes. Silverware as well. This home is move in ready and all you'll need is a little more than your toothbrush. The master suite is a retreat of it's own while the pool and spa will allow plenty of relaxation in desert sun. The homes in this community don't last long because they are close to just about everything you'll want to do. Feel free to call with any questions.
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Property Highlights
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017