48365 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 |
|---|---|---|---|
| Dec 23, 2019 | Sold | ||
| Sold | |||
| Oct 4, 2019 | Listed by Bennion Deville Homes | $499,000 | |
| Listed by Bennion Deville Homes | |||
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Sought After Mid-Century Fixer in South Palm Desert! Built in 1964, this 3-bedroom, 2-bathroom diamond in the rough retains original modernist features like sliding windows over fixed panes, louvered bathroom windows, a galley kitchen, a formal living room with fireplace, as well as Roman tub/shower combos. A bonus room with skylights, ceiling fan, bookcases, separate wall A/C, and access to the finished double garage and beautiful, private backyard has been added. The pool has been resurfaced, and the roof and HVAC are newer. Gorgeous mountain views, underground utilities, and no HOA fees! Desirably located near renowned El Paseo, scenic trails, and distinguished schools, this gem awaits polishing.
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Property Highlights
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About Palm Desert
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,250 /mo
- 3 Beds
- 2 Baths
- 2,534 ft²
$7,000 /mo
- 2 Beds
- 2 Baths
- 1,512 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017