1
Map
$220,000
●
House -
Off Market
40854 Biscayne Drive
Palm Desert, CA 92211
2 Beds
1 Bath
980 Ft²
$301,205
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
Welcome to this fantastic two bedroom, one bath home with private
outdoor rear patio and a two car detached garage located in the
gated community of Golden Sun Estates in Palm Desert. This homes
features have been refreshed over the past few years to include
granite counter tops in the kitchen along with stainless steel
appliances, vaulted ceilings, lots of windows, ceiling fans in
living room / bedrooms, plantation shutters throughout. Upgraded
bathrooms with modern vanities, laundry room in bathroom area,
newer water heater in garage. All appliances are included in sale.
You will love this peaceful and serene community which offers
multiple community pools, spas along with great tennis courts and
clubhouse. Perfect first time home buyer, investment property for
long term rental or second home to retreat on the weekends or warm
up during the winter months for you snowbirds. Low HOA of only
$120, plus you own the land. The location of this community is
close to shopping, dining, gym, schools and easy I-10 access.
Unit Size
980 Ft²
Days on Market
38 days
Land Size
0.10 acres
Price per sqft
$224
Property Type
House
Property Taxes
-
HOA Dues
$120
Year Built
1985
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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: 4 months ago (CRMLS #IG20127529)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2020 | Sold | ||
| Sold | |||
| Jun 30, 2020 | Listed by Active Realty | $219,900 | |
| Listed by Active Realty | |||
| Apr 8, 2016 | Sold | ||
| Sold | |||
| Mar 4, 2016 | Listed by La Quinta Palms Real Estate Co | $159,900 | |
| Listed by La Quinta Palms Real Estate Co | |||
| | |||
|
Great two bedroom, one bath unit in Golden Sun Estates. 2 large bedrooms, granite counters in the kitchen, eating bar, tall ceilings, some wood shutters, private patio, 2 car garage! Gated community, not age restricted.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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About Palm Desert
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Listed by: Eric Henry, Active Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG20127529
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG20127529
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