47096 El Menara Circle
About This Property
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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%.
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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 29, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $350,000 | |
| Listed | |||
| | |||
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This house is charming. It has a small swimming pool in the courtyard and the decor is all Santa Fe style. The kitchen is large with an eating area at one end. The dining room has been enlarged with a small sitting area added. The Sq. Footage does not reflect the third bedroom and bathroom that was added. There are so many special things about his house and one of the best is the location. It sits up high over-looking the 13th fairway and green of the gorgeous 18 hole executive golf course with a great view of snow capped Mt. San Gorgonio, the highest peak in Southern California. This is a very low price for a 3 bedroom, 3 bath home in South Palm Desert. The manager has listed the unit size as 2449 square feet.
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| Mar 26, 2017 | Listed by Bennion Deville Homes | $350,000 | |
| Listed by Bennion Deville Homes | |||
Property Highlights
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About Palm Desert
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$9,250 /mo
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$7,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017