4
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32421 Date Palm 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%.
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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 |
|---|---|---|---|
| Nov 17, 2021 | Listed by HomeSmart | $1,200,000 | |
| Listed by HomeSmart | |||
| Feb 22, 2017 | Sold | ||
| Sold | |||
| Jan 10, 2016 | Listed by Shadow Hills Real Estate | $249,900 | |
| Listed by Shadow Hills Real Estate | |||
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COMMERCIAL LAND with small residential home on two Date Palm Frontage Lots. Across from Applebee's. This offering includes a single family home currently rented for $850/ month and the adjoining vacant lot to the south. The home will likely need to be removed for any type of commercial development.The property to the north could also be added to this package as well as the corner property which is also on the market. With all the properties put together it would make a very nice strip center in the heart of the Cathedral City business district.
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About Rancho Vista Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$8,500 /mo
- 3 Beds
- 2 Baths
- 2,333 ft²
$10,000 /mo
- 4 Beds
- 4 Baths
- 3,267 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017