Listed by: Marilu Wessman Carroll, Premier Properties
$509,000
●
House -
Off Market
40955 Bob Hope Drive
Rancho Mirage, CA 92270
2 Beds
2 Baths
1,080 Ft²
$647,468
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
Mid-century post-modern home in the heart of Rancho Mirage at a
hard to find price point! Unique and quaint two bedroom, two bath
home features original wood beam ceilings and numerous touches that
give this home a modern day feel without losing its mid-century
charm! Features include an upgraded kitchen with new appliances and
cabinets, automatic solar blinds and lighting. The Zen-esque patio
offers peek-a boo western mountain views from lushly landscaped
grounds, accent lighting, a gas firepit, and a custom saltwater
pebble-tec/heated pool and spa. Two nice side yards - one with lots
of patio; the other offers a tranquil garden spot. Secondary
bedroom could be used for an artist's studio, office or den. Close
to the River, El Paseo, dining, shopping, theatres, casino's and
everything the Valley has to offer. Could be a fabulous vacation
lease property also!
Unit Size
1,080 Ft²
Days on Market
38 days
Land Size
0.17 acres
Price per sqft
$471
Property Type
House
Property Taxes
-
HOA Dues
$55
Year Built
1956
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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: 3 years ago (CRMLS #219055466DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 17, 2021 | Sold | ||
| Sold | |||
| Jan 10, 2021 | Listed by Premier Properties | $509,000 | |
| Listed by Premier Properties | |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Tierra del Sol
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Listed by: Marilu Wessman Carroll, Premier Properties
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219055466DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219055466DA
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