39025 Palace 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%.
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 |
|---|---|---|---|
| May 7, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | Listed by HomeSmart | $795,000 | |
| Listed by HomeSmart | |||
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Rarely available Princess plan, a 4 bedroom single story plan that was the most popular plan when the project was built according to the builder and sales agent then on site. Here's your opportunity to snag one with granite counters, stainless appliances, an outdoor kitchen area with eat on counters, and a gorgeous backyard with a large pool and generous deck area. Beautifully maintained and ready for your gatherings! Surrounded by a gated neighborhood with sidewalks,street lights and a community park with night lighted tennis and pickleball courts, half court basketball court and huge green area, rare amenities here in the desert. Pick up your mail in a mailbox at the end of your driveway, you don't have to go to a ganged mailbox to get or send your mail! The Leased Solar system (will need to be assumed) will really help out on your Utility Bills!
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Property Highlights
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Price/ft²
Listed On
Sold On
About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017