Listed by: Michelle Gold, Desert Gold Properties Inc.
$187,000
●
House -
Off Market
2839 Leto Avenue
Salton City, CA 92274
4 Beds
2 Baths
1,436 Ft²
$261,454
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
2839 Leto Drive, Salton City, Ca. 4 Bedroom, 2 Full Baths.
2 Car Finished Garage. Separate laundry room. Newly
Painted interior and New Carpets thru out. Large Ceramic tile
floors. Open Concept Living. Concrete Tile Roof.
Wood Fenced Rear yard for privacy. RV access. Centrally
located, close to lake. Close to Red Earth Casino, gas, food
and shopping at West Shores Market and Family Dollar. You own
the land, No HOA's. Lower IID Electric in this area.
Home has Refrigerator and Stove. Seller willing to give
$5,000 credit to buyers. Pride of ownership. Close to
schools and desert cities of Thermal, Coachella, Indio,
Westmorland, Brawley and Borrego Springs. Area experiencing
renovation and growth. Know for its gorgeous winter weather.
Unit Size
1,436 Ft²
Days on Market
56 days
Land Size
0.21 acres
Price per sqft
$139
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2006
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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: 3 years ago (CRMLS #219051706DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 15, 2020 | Sold | ||
| Sold | |||
| Oct 20, 2020 | Listed by Desert Gold Properties Inc. | $199,000 | |
| Listed by Desert Gold Properties Inc. | |||
Property Highlights
Air Conditioning
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Salton City
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Listed by: Michelle Gold, Desert Gold Properties Inc.
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219051706DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219051706DA
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