Listed by: Essig & Associates, Vine Property Group, Inc.
$599,000
●
House -
Off Market
50520 Cypress Point Drive
La Quinta, CA 92253
3 Beds
4 Baths,
1
Half Bath
2,610 Ft²
$1,013,293
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model
About This Property
Beautifully appointed and turnkey furnished home situated on the La
Quinta Resort Dunes Course with lake & mountain view in guard gated
La Quinta Fairways has low HOA dues of only $284 month! Granite
kitchen with island breakfast bar & morning room has French doors
to courtyard. Morning room has table, desk and sofa sleeper -
perfect 4th sleeping area for grandkids when you use the folding
screen. Great room includes wet bar, fireplace, media built in and
room for both seating and formal dining table. Master suite with
doors to back patio has bath with dual vanities, separate shower,
soaking tub and walk in closet with storage built ins. BR2 suite 2
is configured with queen plus bunk beds and has bath with shower.
BR3 suite, the attached casita, has bath with shower and French
doors to courtyard. Outside living includes gated courtyard,
covered back patio w/awnings, pool w/ raised spa, portable fire
pit, built in BBQ, and nice patio furniture. Powder room & laundry
room round it out.
Unit Size
2,610 Ft²
Days on Market
59 days
Land Size
0.21 acres
Price per sqft
$230
Property Type
House
Property Taxes
-
HOA Dues
$284
Year Built
2000
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #216015068DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 8, 2016 | Sold | ||
| Sold | |||
| May 10, 2016 | Listed by Vine Property Group, Inc. | $599,000 | |
| Listed by Vine Property Group, Inc. | |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Grand Terrace
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Listed by: Essig & Associates, Vine Property Group, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216015068DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216015068DA
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