$255,000
●
House -
Off Market
2340 Falcon Street
Thermal, CA 92274
4 Beds
3 Baths
2,232 Ft²
$334,583
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
STILL SHOWING HOME / BACK UP OFFERS OKAmazing opportunity! This
large 4 bedroom, 3 bath Spanish contemporary style home has it all.
Located in the Salton Sea area just off the 86 Express
Freeway just 36 miles south of Indio, CA (Home of Coachella Music &
Arts Festival and Stage Coach). Close to Truckhaven/Ocotillo
Wells (OFF ROADER'S PARADISE), bring your buggies, Jeeps,
quads, RZR, etc. Potential great investment for weekend
getaways with friends and families or AirBnB opportunity.
Owner may consider selling property turnkey. Spectacular
mountain and desert views, this home has upgraded granite counters,
spacious semi open floor plan (great for entertaining), large
pantry, walk in closets (3 of 4 bedrooms), ceiling fans in all
rooms, plenty of linen cabinets in the hallway. The master retreat
is separate from the 3 other bedrooms. Both living and master
bedrooms pre-wired for surround sound system. Home is well
insulated to keep utility costs low. It also has vaulted
ceilings. Exterior includes a above ground pool with heater
and side of the house is large enough for RV parking (must take
wall down). Both front and back patios are paved. Front is prepped
for installation of a pergola and h2o feature great for
family gathering. Salton City offers senior center, public
library, emergency services and more, food, drink, casino,
gas, shopping close. Borrego Springs about 30 miles away. Virtual
tour avail.'Buyer to verify all information'
Unit Size
2,232 Ft²
Days on Market
78 days
Land Size
0.25 acres
Price per sqft
$123
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 7 months ago (CRMLS #219056641DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 20, 2021 | Sold | ||
| Sold | |||
| Feb 1, 2021 | Listed by Vylla Home, Inc. | $275,134 | |
| Listed by Vylla Home, Inc. | |||
| | |||
|
STILL SHOWING HOME / BACK UP OFFERS OKAmazing opportunity! This large 4 bedroom, 3 bath Spanish contemporary style home has it all. Located in the Salton Sea area just off the 86 Express Freeway just 36 miles south of Indio, CA (Home of Coachella Music & Arts Festival and Stage Coach). Close to Truckhaven/Ocotillo Wells (OFF ROADER'S PARADISE), bring your buggies, Jeeps, quads, RZR, etc. Potential great investment for weekend getaways with friends and families or AirBnB opportunity. Owner may consider selling property turnkey. Spectacular mountain and desert views, this home has upgraded granite counters, spacious semi open floor plan (great for entertaining), large pantry, walk in closets (3 of 4 bedrooms), ceiling fans in all rooms, plenty of linen cabinets in the hallway. The master retreat is separate from the 3 other bedrooms. Both living and master bedrooms pre-wired for surround sound system. Home is well insulated to keep utility costs low. It also has vaulted ceilings. Exterior includes a above ground pool with heater and side of the house is large enough for RV parking (must take wall down). Both front and back patios are paved. Front is prepped for installation of a pergola and h2o feature great for family gathering. Salton City offers senior center, public library, emergency services and more, food, drink, casino, gas, shopping close. Borrego Springs about 30 miles away. Virtual tour avail.'Buyer to verify all information'
| |||
Property Highlights
Garage
Air Conditioning
Parking Available
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Salton City
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jonathan Roberson, Vylla Home, Inc.
Last Updated: 7 months ago
Data Source: CRMLS, MLS# 219056641DA
Last Updated: 7 months ago
Data Source: CRMLS, MLS# 219056641DA
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