48245 Prairie 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 |
|---|---|---|---|
| Feb 13, 2020 | Sold | ||
| Sold | |||
| Jan 29, 2020 | Listed by Coldwell Banker Realty | $530,000 | |
| Listed by Coldwell Banker Realty | |||
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This turn-key furnished 3 bedroom 2 bathroom mid-century home is located in South Palm Desert just below the Summit and Big Horn Country Club. This 1,606 sq ft home was built in 1964 and has been updated over the years and is ready for your touches to make this a mid-century masterpiece. Features include a living room with fireplace, family room, as well as an open kitchen. Sliding glass doors lead to a lush backyard with a western mountain views and includes a saltwater pool and a covered patio. Perfect for outdoor entertaining. This home is just minutes away from renowned El Paseo shopping and dining as well as many hiking trails. Palm Desert residents enjoy playing at the Desert Willow Golf Resort at reduced rates.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017