31609 Linda Way
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 |
|---|---|---|---|
| Feb 23, 2023 | No longer available | - | |
| No longer available | |||
| Jan 17, 2023 | In contract | - | |
| In contract | |||
| Jan 4, 2023 | Listed by eXp Realty of California, Inc. | $389,900 | |
| Listed by eXp Realty of California, Inc. | |||
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One of a kind property located in Thousand Palms. Definitely a property with so much potential. Once entering property you're transported to a country paradise! This 1 bedroom 1 bathroom home has been beautifully designed and renovated to transport you to country living. Every room you walk through will surprise you with it's creative design and charm. It is the perfect home if you are a first time home buyer, looking to downsize, or are looking for an income property.The outdoor patios offer the same country feel as the inside of the house and the cute outdoor kitchen will make it easy to entertain and host those summer BBQs with the family. The outside property is ready for your final touches. The property is also centrally located. It's just around the corner from the I10 freeway, over the bridge from Palm Desert or Cathedral City. You have shopping, dining, and entertaining within minutes from the house. Reach out to schedule a showing!! The manager has listed the unit size as 1152 square feet.
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| Apr 22, 2021 | Sold | ||
| Sold | |||
| Feb 19, 2021 | Listed by Fathom Realty Group Inc. | $275,000 | |
| Listed by Fathom Realty Group Inc. | |||
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About Thousand Palms
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$2,000 /mo
- 2 Beds
- 2 Baths
- 840 ft²
$2,200 /mo
- 3 Beds
- 2 Baths
- 1,014 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017