40955 Sterling Drive
About This Property
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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 |
|---|---|---|---|
| Jun 15, 2021 | Sold | ||
| Sold | |||
| Mar 26, 2021 | Listed by Radius Agent Realty | $634,900 | |
| Listed by Radius Agent Realty | |||
| Jan 6, 2021 | No longer available | - | |
| No longer available | |||
| Nov 4, 2020 | Listed | $534,900 | |
| Listed | |||
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Perfect Palm Desert location in 28 home private enclave - very nice homes with high ceilings.Great opportunity to purchase a home with over 2800 square feet close to some of the highest rated schools including James Carter Elementary, Palm Desert Charter Middle School, Palm Desert High School, Xavier Prep, COD and CSU, Close to multi-million dollar Palm Desert Aquatic Center and heavily discounted golf at Desert Willow. Close to El Paseo, great grocery stores and other services. Close to Eisenhower Medical Center. The manager has listed the unit size as 2830 square feet.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017