35831 Raphael Drive
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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.
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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 |
|---|---|---|---|
| Aug 11, 2025 | Sold | ||
| Sold | |||
| Jul 14, 2025 | In contract | - | |
| In contract | |||
| Jul 1, 2025 | Listed by Halton Pardee & Partners, Inc. | $829,000 | |
| Listed by Halton Pardee & Partners, Inc. | |||
| Jun 4, 2025 | Price Decreased |
$829,900
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Apr 3, 2025 | Listed | $849,900 | |
| Listed | |||
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Located in The Gallery community, this 4 bedroom, 4 bath home offers many attractive features; open floorplan and outside living space for entertaining, south facing view for maximum sunlight by the pool and patio throughout the day, two primary suites separated by two additional bedrooms, large fireplace, tile floors, granite tops, stainless appliances and privacy makes this upgraded home a must see and great value. Quality finishes, surround sound system, custom window treatments, walk in pantries and closets and storage along with an additional bonus room between the garage and kitchen makes a great office or project room. High ceilings, 8' doors and windows and custom design makes this home a perfect fit for full-time, vacation or rental income property. Upgraded pool equipment, remote operation, pebble tech pool and spa with waterfall, custom patio stone decking, two fire features at pool, oversized island in kitchen, dining room and breakfast nook. No power lines or roads nearby, well maintained home and gated neighborhood in close proximity to shopping and dining.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017