54 Merlot
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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 |
|---|---|---|---|
| Nov 29, 2021 | Sold | ||
| Sold | |||
| Oct 6, 2021 | Listed by Keller Williams Luxury Homes | $834,000 | |
| Listed by Keller Williams Luxury Homes | |||
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DESERT LIGHT galore and EXCEPTIONAL indoor-outdoor living! Modern chef's kitchen takes center stage. Living and dining areas flow effortlessly. Interior courtyard opens to private garden with art installation, fountain, and spectacular mountain views. Del Webb's ''Haven'' model built in 2018 seems to whisper, ''let's entertain!'' Office and/or den with lots of light and tall ceilings is another plus. Nice separation of bedrooms. En suite master bedroom enjoys private patio access. New wrought iron gate installation is underway behind the just-planted hedge. Pebble-Tec saltwater pool and spa. Energy efficient tankless water heater and solar panels. Built-in speaker system in the main living areas and covered patio. This amenity-rich 55+ community in one of Rancho Mirage's most desirable neighborhoods with the best of Palm Springs and Palm Desert just a short drive away. Residents enjoy resort style pools, fitness center, tennis, bocce ball, pickleball, virtual golf, putting green, walking trails. 54 Merlot is calling!
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| Aug 31, 2021 | Sold | ||
| Sold | |||
| Aug 9, 2021 | Listed by Bennion Deville Home Referrals | $779,000 | |
| Listed by Bennion Deville Home Referrals | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017