48550 Valley View Drive
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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 |
|---|---|---|---|
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jun 27, 2018 | Sold | ||
| Sold | |||
| May 16, 2018 | Listed | $785,000 | |
| Listed | |||
| | |||
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Welcome to The Summit a south Palm Desert non-gated community w/low HOA, just minutes from world-class dining & shopping on El Paseo. This 3 Bed/3.5 Bath home has attached 2-Car garage & Golf Cart garage. High ceilings throughout with open floor plan living/dining/kitchen great room that has gas fireplace, sunken bar with views of the pool and patio. The large covered patio, perfect for entertaining or leisure, has gorgeous slate floors and mountain views. Kitchen has new built-in stainless steel appliances, tons of new cabinets & granite counters. All bedrooms have direct access to outdoor spaces, Master has electric blinds + huge en suite bathroom with separate shower and spa-jet soaking tub. A Separate bedroom / living space which would be perfect as mother-in-law suite, casita-like guest space or den/office. Other details: new ceramic tile in bedrooms, central air & heat, refreshed landscaping w/citrus trees, a fully refinished pool & spa with gemstone series pebble surfacing. The manager has listed the unit size as 2794 square feet.
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| Mar 8, 2018 | Listed by Windermere Homes & Estates | $785,000 | |
| Listed by Windermere Homes & Estates | |||
| | |||
|
Welcome to The Summit a south Palm Desert non-gated community w/low HOA, just minutes from world-class dining & shopping on El Paseo. This 3 Bed/3.5 Bath home has attached 2-Car garage & Golf Cart garage. High ceilings throughout with open floor plan living/dining/kitchen great room that has gas fireplace, sunken bar with views of the pool and patio. The large covered patio, perfect for entertaining or leisure, has gorgeous slate floors and mountain views. Kitchen has new built-in stainless steel appliances, tons of new cabinets & granite counters. All bedrooms have direct access to outdoor spaces, Master has electric blinds + huge en suite bathroom with separate shower and spa-jet soaking tub. A Separate bedroom / living space which would be perfect as mother-in-law suite, casita-like guest space or den/office. Other details: new ceramic tile in bedrooms, central air & heat, refreshed landscaping w/citrus trees, a fully refinished pool & spa with gemstone series pebble surfacing.
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| Dec 7, 2017 | Sold | ||
| Sold | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017