23 Cornell Drive
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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 |
|---|---|---|---|
| Mar 11, 2024 | Sold | ||
| Sold | |||
| Jan 11, 2024 | Listed by Equity Union | $1,180,000 | |
| Listed by Equity Union | |||
| | |||
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Welcome to your dream home, where luxury meets tranquility. This popular Broadmoor plan has been modernized to become the ultimate desert retreat. With a recently expanded patio, this home is perfect for entertaining! Step inside and discover a tastefully appointed interior, boasting spacious living areas, high-end finishes, and soaring ceilings that flood the space with natural light. With 2,994 square feet of living space, three bedrooms, and three baths, the newly renovated kitchen is a chef's paradise. It features all new appliances, quartz countertops, new cabinets, and an expansive island that seamlessly integrates with the living area. New flooring, an updated fireplace, and a bar in the living area add to the entertainment amenities that will delight you and your guests. The impressive wrap-around patio provides the ultimate outdoor haven for relaxation and entertainment. With its spacious design, this patio offers ample room for a private pool and multiple seating and dining areas. Imagine hosting memorable gatherings with friends and family, all while enjoying the seamless indoor-outdoor flow. Additionally, the patio has been thoughtfully plumbed for an outdoor kitchen, unlocking endless culinary possibilities. Located in the heart of Rancho Mirage, The Springs Country Club offers a wide range of amenities, including access to tennis and pickleball courts, a fitness center, and dining options.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Dec 16, 2020 | In contract | - | |
| In contract | |||
| Dec 5, 2020 | Price Decreased |
$465,000
↓ $34K
(6.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017