2838 Back Nine 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 |
|---|---|---|---|
| Apr 26, 2023 | No longer available | - | |
| No longer available | |||
| Mar 31, 2023 | In contract | - | |
| In contract | |||
| Jan 29, 2023 | Price Decreased |
$359,000
↓ $9K
(2.5%) | |
| Price Decreased | |||
| Oct 13, 2022 | Listed by House of Seven Gables Real Estate Inc. | $368,000 | |
| Listed by House of Seven Gables Real Estate Inc. | |||
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Additional Photos and Description Coming. This amazing SINGLE STORY DESERT OASIS HOME is approximately 1580 sq ft. with three bedrooms, and two full baths. Along with an oversized two car garage, the property is located on a spacious corner lot (approximately 7,078 sq ft.) with plenty of room for desert toys and an RV. It has tile floors throughout, carpet in all bedrooms, energy efficient windows, solar system (lease). Vaulted ceilings in the living room and primary bedroom. With newer kitchen appliances (electric stove with oven, refrigerator, microwave, dishwasher, separate built-in ice maker at the wet bar. The spacious patio faces the Santa Ysidro Mountains and is a great way to enjoy wonderful evening desert sunsets. Borrego Springs is an International Dark Sky Community, which means stargazing is at its finest. The property is located on a golf course however, is currently closed. There are no HOA fees. The Borrego Springs Resort and Spa is also located in the community and can be joined for an annual fee, which includes a full service spa, swimming pools, spas, tennis, along with separate guest accommodations. Don't miss your opportunity to own this desert dream. The manager has listed the unit size as 1580 square feet.
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| Jun 18, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017