$1,100,000
●
House -
Off Market
4 Cornell Drive
Rancho Mirage, CA 92270
3 Beds
3 Baths
2,940 Ft²
$7,268
Est. Monthly
$1,552
HOA / Fees
About This Property
For Comp Purposes Only
Unit Size
2,940 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$396
Property Type
House
Property Taxes
-
HOA Dues
$1,552
Year Built
1979
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (CRMLS #219116537DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | Listed by Equity Union | $1,164,000 | |
| Listed by Equity Union | |||
| | |||
|
For Comp Purposes Only
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| Dec 9, 2020 | Sold | ||
| Sold | |||
| Aug 7, 2020 | Listed by Bennion Deville Homes | $699,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
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Step through the double privacy doors into a huge private courtyard with over-sized recently resurfaced and re-tiled spa with cascading waterfall. This 3 Bedroom 3 Bathroom open Shaughnessy floor-plan with beautiful Santa Rosa Mountain views. Chef kitchen taken to studs. High end cabinets with quartz counter tops and amazing appliances. Built-in 42' French door fridge, 30' Double convection oven, 27' convection/steam oven, 36' 4 burner gas cook-top with griddle, 42' vent hood and dishwasher. New wine bar nook with Jennair 46-bottle built-in wine fridge. New electrical through-out including new distribution panel. Solar lease with RENOVA has 39 panels (15.6 KW system) only $300.64 per month, 20 year flat monthly lease. New LED lighting and fixtures throughout. Freshly painted interior and exterior. Oversized living room with new rock wall and custom mantle for media storage. Large patios for entertaining with a 4-zone misting system to keep you cool. The Springs Country Club is in the heart of Rancho Mirage, across from Eisenhower Medical Campus and just down the street to The River. Food, drink, shopping, and cinema. The Springs - its where you belong!
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Springs Country Club
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Listed by: Equity Union Onsite-The Springs, Equity Union
Last Updated: 6 months ago
Data Source: CRMLS, MLS# 219116537DA
Last Updated: 6 months ago
Data Source: CRMLS, MLS# 219116537DA
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