40760 Avenida Calafia
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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 |
|---|---|---|---|
| Sep 7, 2023 | No longer available | - | |
| No longer available | |||
| Sep 5, 2023 | Sold | ||
| Sold | |||
| Aug 16, 2023 | In contract | - | |
| In contract | |||
| Jul 6, 2023 | Listed by RE/MAX Desert Properties | $724,900 | |
| Listed by RE/MAX Desert Properties | |||
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Welcome to your home in the highly desirable Hovely Area of Palm Desert! This residence offers the perfect blend of location, comfort, and convenience.With 4 bedrooms, including one featuring a versatile Murphy bed, and 2.5 baths, this home provides ample space for you and your family to spread out and relax. The corner lot location ensures privacy and tranquility, while the sparkling pool invites you to indulge in refreshing dips on warm summer days.As you step into the property, you'll be greeted by mature and manicured landscaping, with gated front courtyard. Cozy up in front of one of the two fireplaces during cooler evenings, adding warmth and ambiance to your living spaces. Shutters throughout the house.Storage will never be an issue in this home, as it offers abundant storage options to keep your belongings organized and easily accessible. The two-car garage comes complete with a bonus work area, perfect for hobbyists or anyone in need of a dedicated space for projects.Situated in a prime location, this home offers the best of both worlds - a serene neighborhood setting and proximity to shopping, local country clubs, and world-class golf courses. Imagine spending your weekends strolling through boutiques, teeing off on beautifully manicured fairways, or dining at nearby gourmet restaurants.And the best part? No HOA fees! Enjoy the freedom to personalize your property without any restrictions. Don't miss out on this incredible opportunity. The manager has listed the unit size as 2273 square feet.
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| Jun 22, 2023 | Listed by RE/MAX Desert Properties | $724,900 | |
| Listed by RE/MAX Desert Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017