3557 Palm Drive
About This Property
Cute craftsman at an incredible price point. Great opportunity to get into home ownership! Conveniently located adjacent to the parking lot on Valley Mall in El Monte. Be sure to head south on Lexington and take a left into the parking lot. You will see the homes to your right. Plenty of parking and walking distance to shopping and convenience items on Valley Mall and Santa Anita. The property is minutes from the 10 freeway.
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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 13, 2024 | No longer available | - | |
| No longer available | |||
| Apr 5, 2024 | In contract | - | |
| In contract | |||
| Mar 22, 2024 | Price Decreased |
$529,999
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Mar 20, 2024 | Relisted | $539,999 | |
| Relisted | |||
| Mar 15, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017