406 Oakmont Drive
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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 |
|---|---|---|---|
| Nov 4, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 13, 2024 | In contract | - | |
| In contract | |||
| Jul 26, 2024 | Listed by BBS Brokers Realty | $799,000 | |
| Listed by BBS Brokers Realty | |||
| | |||
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Offered TURNKEY FURNISHED! Experience luxury living at its finest in this extensively upgraded 4 bedroom home with 4 fireplaces and a 3 car garage! Over the past four years, this home has been meticulously renovated, boasting a custom grand front entrance, new windows, 2 HVAC units with smart thermostats, kitchen with Bosch appliances, a custom eat in nook and wet bar area. The 3 bathrooms have been remodeled with a custom shower in the primary bath. Other upgrades include LED lighting throughout, window treatments, upgraded outlets with dimmers and USB options, new hardware throughout, interior and exterior paint, custom built in cabinets in the garage, EV ready outlet in the garage, new flooring and more! There are too many upgrades to list. The primary bedroom has a spacious closet and an added bonus room that can serve as a small office or an additional closet. The stunning backyard offers lighting, a fountain, citrus garden, above ground spa, an outdoor fireplace and a multi-zone sprinkler system. There are energy efficient solar panels leased through Renova Solar for big savings. The HOA includes a fitness center, pickle ball courts, internet/cable, a community pool within close proximity, full front landscaping and more! This home offers unparalleled comfort, style, and convenience, making it a dream retreat for discerning buyers.
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| Apr 30, 2019 | Sold | ||
| Sold | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017