51318 Elm Street
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 11, 2017 | Sold | ||
| Sold | |||
| Sep 2, 2017 | Listed | $165,000 | |
| Listed | |||
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Sprawling ranch home nestles in over 1 acre with mountain views, Home features newer tiles floors in living room, family room, and dining room combo/kitchen. Newer laminate wood floors in all bedrooms Family room and dining room boasts a decorative stone display all and has built-in bookcases with ceiling fan and stand alone fireplace on a tiled pedestal hearth. Built -in shelves in a bedroom with corner walk-in closet. large closets in second and third bedrooms. Huge bonus room with separate entrance can be used for a workshop or office. A separate laundry room. Just minutes to Palm Springs and the casinos. Fenced yard and room for your RV and toys. Jut minutes to the Morongo Valley Perserve for hiking and picnics. Call today for your private showing. The manager has listed the unit size as 1960 square feet.
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| Aug 7, 2017 | Listed by Century 21 Masters | $140,000 | |
| Listed by Century 21 Masters | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017