371 Cypress Point 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.
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 |
|---|---|---|---|
| Aug 30, 2021 | Sold | ||
| Sold | |||
| Jul 21, 2021 | Listed by Bennion Deville Homes | $685,000 | |
| Listed by Bennion Deville Homes | |||
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Introducing this beautifully updated home in The Links neighborhood in Desert Falls Country Club. Boasting over 2,500 sqft., the home is equipped with 4 bedrooms(one being used as a den), a large living and dining area-plus a large family room that is open to the kitchen. The large primary suite, with its own fireplace freestanding tub, custom cabinet and picturesque views of the pool/backyard, will be the perfect way to enjoy the comfort of your desert oasis. The kitchen is complete with beautiful granite counters with counter top seating, stainless steel appliances, and ample amount of cabinets for all your kitchen needs. Windows galore, multiple French doors and solar tube creates maximum natural sunlight to permeate throughout the kitchen, family room, dining room, living room, and master bedroom. The tranquil backyard is outfitted with pergola-style gazebo awning with privacy drapes, stamped concrete, pebble tec pool/spa with exquisite rock features and mature landscaping. Homeownership includes HOA maintained front yard, fitness, tennis, pickle ball, bocce ball, horse shoes, and ladder toss. The fitness facility includes circuit machines, free weights, aerobic machines, and classes. Desert Falls, conveniently located mid-valley with easy I-10 access, close proximity to groceries, dining, and retail. This truly is a one-of-a kind property!
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| Jul 24, 2020 | Sold | ||
| Sold | |||
| Jan 10, 2020 | Listed by HomeSmart | $497,500 | |
| Listed by HomeSmart | |||
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Owner is accepting back up offers. HUGE PRICE REDUCTION - Owner wants this sold - Owner may carry the loan. Call for info. The LINKS Development is a private gated community of Single Family Homes within the gated tract of Desert Falls. This property is an amazing total remodel. Almost everything has been changed or upgraded. Property is easy to show - just 15 minutes notice. See photos of beautiful rear yard with pool and spa. Kitchen granite has been upgraded and newer stainless steel appliances installed recently. Added cabinets in Kitchen and Master Bedroom. Plenty of extra storage in this home. HOA dues are less than the Condo dues here at Desert Falls. Excellent golf memberships at Desert Falls are being offered now at 0 $$$ buy-in and only $425 per month for unlimited golf. Check with the local Pro Shop for more on this AMAZING opportunity. Community pool is located just down the street with golf course views available (if you wish) or privacy areas with rest rooms available within the pool area.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017