2040 Desert Lime Court
About This Property
This gorgeous 4-bedroom, 3-bath home offers the perfect blend of comfort and style. Built in 2017, this home features a full bedroom and bath downstairs, ideal for guests or multigenerational living. The kitchen boasts beautiful granite countertops, stainless steel appliances, an oversized walk-in panty with ample workspace for all your culinary needs as well as open concept living/entertaining. Professionally painted and landscaped, this home shines with curb appeal and elegance inside and out.
With energy-efficient solar panels, you'll enjoy sustainable living while saving on utility costs. Located in a wonderful neighborhood, close to top-rated schools, parks, and shopping, this home offers both convenience and serenity. Don't miss out on this incredible opportunity in Redlands!
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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 |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Oct 12, 2024 | Listed by RE/MAX ADVANTAGE | $749,000 | |
| Listed by RE/MAX ADVANTAGE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017