$268,000
●
House -
Off Market
40863 Schafer Place
Palm Desert, CA 92211
3 Beds
2 Baths
1,332 Ft²
$410,366
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model
About This Property
Turnkey furnished home. Desert landscaping surrounds this interior
location in a tranquil Palm Desert enclave of well-kept homes, with
shopping, dining, and golf nearby. This 3 bedroom / 2 bath single
family home is light and bright with vaulted ceilings, living room
fireplace, eat-in kitchen nook, formal dining area, double garage
with direct access, separate indoor laundry room and both the
master and living rooms open onto a spacious covered rear patio.
Private, gated yard with fruit and palm trees. Golden Sun Estates
offers two community pools, spas, tennis, and clubhouse - with a
low HOA fee of only $120.
Unit Size
1,332 Ft²
Days on Market
57 days
Land Size
0.10 acres
Price per sqft
$199
Property Type
House
Property Taxes
-
HOA Dues
$120
Year Built
1993
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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: 13 months ago (CRMLS #218003888DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Dec 16, 2020 | Sold | ||
| Sold | |||
| Nov 14, 2020 | In contract | - | |
| In contract | |||
| Sep 26, 2020 | Listed | $329,900 | |
| Listed | |||
| | |||
|
Gated Golden Sun Estates is a hidden gem with very low HOA fees of only $120 per month. This redone 3 bedroom 2 bath sits towards the back of the development with a private and quiet location. Light and bright with vaulted ceilings, fireplace in living room, eat in kitchen dining, double car garage with direct access, separate laundry area, and both the main living area and master bedroom open to the private backyard with spacious rear patio. Yard is fenced with fruit and palm trees. Golden Sun Estates offers two community pools, spas, tennis and clubhouse. This home will not last long, hurry! Home is being sold furnished per some seller exclusions. The manager has listed the unit size as 1332 square feet.
| |||
| Sep 7, 2020 | Listed by RE/MAX Desert Properties | $329,900 | |
| Listed by RE/MAX Desert Properties | |||
| | |||
|
Gated Golden Sun Estates is a hidden gem with very low HOA fees of only $120 per month. This redone 3 bedroom 2 bath sits towards the back of the development with a private and quiet location. Light and bright with vaulted ceilings, fireplace in living room, eat in kitchen dining, double car garage with direct access, separate laundry area, and both the main living area and master bedroom open to the private backyard with spacious rear patio. Yard is fenced with fruit and palm trees. Golden Sun Estates offers two community pools, spas, tennis and clubhouse. This home will not last long, hurry! Home is being sold furnished per some seller exclusions.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Palm Desert
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Listed by: Michael Pins, M1 Properties
Last Updated: 13 months ago
Data Source: CRMLS, MLS# 218003888DA
Last Updated: 13 months ago
Data Source: CRMLS, MLS# 218003888DA
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