281 Corte San Marco
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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 |
|---|---|---|---|
| Apr 7, 2020 | Sold | ||
| Sold | |||
| Jan 6, 2020 | Listed by RE/MAX Consultants | $355,000 | |
| Listed by RE/MAX Consultants | |||
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Welcome to Merano, where the iron gates welcome you, family and guests to this centrally located, 2 bedroom, 2 bath home plus den-which could be converted to a 3rd bedroom. Pride of ownership shows through-out. The dishwasher is 1 year old, other appliances including washer/dryer are 2 years old. All appliances are included in sale of home. Kitchen with upgraded appliances is light and bright with access to the private backyard with heated pool and view of mountains. Gas fireplace in the family room for the cool desert nights. All this and LOW HOA DUES of $90/mo. for well under $400K.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017