200 Palm Ridge
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 |
|---|---|---|---|
| Feb 1, 2024 | No longer available | - | |
| No longer available | |||
| Dec 16, 2023 | In contract | - | |
| In contract | |||
| Mar 20, 2023 | Listed by Bighorn Properties, Inc. | $11,500,000 | |
| Listed by Bighorn Properties, Inc. | |||
| | |||
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Spectacular valley views, gated entry. Four bedrooms plus office and theater. Custom infinity edge pool and outdoor living room with fireplace and flat screen TV. Additional prep kitchen. Three car plus two golf cart garage w/storage sink and expoxy flooring. The manager has listed the unit size as 10263 square feet.
| |||
| Apr 17, 2020 | Sold | ||
| Sold | |||
| Jan 17, 2020 | Listed by Harcourts Desert Homes | $5,000,000 | |
| Listed by Harcourts Desert Homes | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017