40585 Diamondback 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 14, 2018 | No longer available | - | |
| No longer available | |||
| Jul 2, 2018 | Sold | ||
| Sold | |||
| May 29, 2018 | Listed | $645,000 | |
| Listed | |||
| | |||
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Pristine home located in Palm Desert, affectionately named Casita Retreata! From the time you enter the gated entry courtyard with custom water feature wall you'll instantly feel just how inviting this home truly is. Inside is an open and spacious floor plan that accommodates both grand entertaining and casual living. Proper use of tile, granite, light woods and custom paint give this home a feeling of sophistication and elegance without sacrificing livability. With 4 bedrooms and 3.5 bathrooms, including a casita, and 2,545 square feet it's an ideal size. Outside is a recently redesigned and pebble finished pool, spa and waterfall, alongside an outdoor entertaining area with bbq island, entertaining buffet, fire pit, polykrete decking, electric awning, custom cactus garden, synthetic turf and much more. This home is one that you won't want to miss. The manager has listed the unit size as 2545 square feet.
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| May 1, 2018 | Listed by Bennion Deville Homes | $645,000 | |
| Listed by Bennion Deville Homes | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017