22175 Skyview 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 26, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by Paradigm | $599,000 | |
| Listed by Paradigm | |||
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Welcome to your exclusive oasis in Palm Springs! This stunning home has so much to offer. Travertine floors, freshly painted walls, and recessed lighting throughout create an elegant ambiance. The spacious living room features two sliding doors to the backyard and a cozy stone fireplace, perfect for entertaining. The modern kitchen boasts granite countertops, ample counter space, a long breakfast bar, and state-of-the-art appliances. Three spacious bedrooms and stylish bathrooms with large showers, dual sinks, and ample cabinet space provide comfort and convenience. An ADT alarm and camera system provides extra security. Some recent upgrades include a new electric washer and dryer, mini-split AC unit, and solar panels to help enhance energy efficiency. Step outside to your own private oasis, complete with a new deck, hammock, swing station, fire pit, BBQ area, and a unique yoga pyramid art installation. The state-of-the-art Sorrento swim spa offers massaging jets for relaxation and a powerful current for lap swimming, accommodating up to 12 people. Enjoy the one-of-a-kind pool golf setup for outdoor fun. Despite its Palm Springs address, this highly successful short-term rental benefits from Riverside County's flexible regulations allowing unlimited rental nights. This turnkey investment property generates consistent cash flow with high occupancy rates and excellent reviews. Conveniently located near downtown attractions while offering peace and quiet.
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| Apr 8, 2022 | Sold | ||
| Sold | |||
| Feb 24, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017