2
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47340 Heliotrope Drive
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.
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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 |
|---|---|---|---|
| Feb 10, 2023 | Sold | ||
| Sold | |||
| Jun 23, 2022 | Listed by Halton Pardee & Partners, Inc. | $998,000 | |
| Listed by Halton Pardee & Partners, Inc. | |||
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Back on the market and price reduction. Charming and cozy home located in desirable South Palm Desert community of Canyon Cove, a quiet and private neighborhood close to the Living Desert. 4 en-suite bedrooms, real hardwood flooring throughout, large family room with fireplace and built-in cabinets, dining and kitchen with additional living room (w/fireplace) and dining area. Both family and living rooms open to large backyard and salt water pool/spa with room for kids play structure, garden, putting green or pool cabana. Upgraded bathrooms with primary bath featuring large walk-in steam shower and oversized custom walk-in closet. Additional features include French doors, window treatments, gourmet kitchen with breakfast island, granite counters, custom cabinetry, family room sound system, office workspace, large laundry room and attached 2-car garage. Covered patio, leased solar (transferrable at current $175 p/mo) and no HOA dues. Close to El Paseo, Living Desert, hiking trails and Washington Charter school.
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| May 7, 2019 | Sold | ||
| Sold | |||
| Nov 1, 2018 | Listed by Bennion Deville Homes | $719,000 | |
| Listed by Bennion Deville Homes | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017