348 Tomahawk 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 |
|---|---|---|---|
| Dec 17, 2020 | No longer available | - | |
| No longer available | |||
| Nov 25, 2020 | Price Decreased |
$1,195,000
↓ $54K
(4.3%) | |
| Price Decreased | |||
| Nov 7, 2020 | Relisted | $1,249,000 | |
| Relisted | |||
| Nov 6, 2020 | No longer available | - | |
| No longer available | |||
| Jul 31, 2020 | Listed | $1,249,000 | |
| Listed | |||
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Beautifully appointed Ocotillo 1 situated on the 18th hole of the Grove course will impress the most discerning of clients. Pavers lead the way to the serene courtyard entrance of this delightful home. Kitchen and bathrooms have all been tastefully remodeled with granite counters, mosaic tiles, and custom paint. The popular floor plan offers an open concept while enjoying a nice separation of bedrooms with the master suite on the view side of the home. One of the two guest bedrooms has been expanded with an oversized walk-in closet. Flagstone pavers are the foundation of the outdoor entertaining area which is well equipped with a fire pit and hot tub for those chilly winter evenings, and a sparkling pool for those lazy days of summer. Cook up your favorite foods for family and friends on the outdoor kitchen BBQ or grill. This home is being sold furnished per inventory and has a Club or Golf Membership available to the buyer. Call us today for your private showing of this spectacular home! The manager has listed the unit size as 3232 square feet.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017