56738 Palms Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Feb 2, 2022 | No longer available | - | |
| No longer available | |||
| Dec 11, 2021 | In contract | - | |
| In contract | |||
| Nov 11, 2021 | In contract | - | |
| In contract | |||
| Nov 9, 2021 | Listed by Bennion Deville Homes | $1,495,000 | |
| Listed by Bennion Deville Homes | |||
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The Palms, one of La Quinta's most desired communities w/renowned Golf Club, 24-hour guarded gate, low HOA fees, & only 101 homes surrounding the perimeter of the course. When you buy here you are choosing a lifestyle where neighbors gather monthly in one another's homes, ride their bikes together and watch out for each other.Upon entering the serene lushly landscaped courtyard you will be struck by the quality of construction & attention to detail. The Office is at the entry, the impressive updated kitchen w/ extra tall cabinetry, stainless steel GE appliances, granite counters and a bar where you can sit for leisurely meals or for guests to gather as you cook. The flow from the great room to the back patio is the epitome of indoor/outdoor living where you will find a new pool, spa, bbq and fire pit all of which are ideal for enjoying the expansive golf course view w/ endless mature date palm trees. The Master Suite is beautifully appointed and has a large Master bath. The large detached casita features travertine and wood flooring & the separate entrance gives your guests privacy. The home comes fully furnished and is turnkey as dishes, silverware etc is all included. This is ideal at a time when furniture is taking so much longer to get. Pool, Spa, BBQ and the Firepit are only 5 years old! The Golf Club at The Palms is separate from the community; residents can join but it is not mandatory. Watch video here https://www.youtube.com/watch?v=dvD9iAWZ The manager has listed the unit size as 2883 square feet.
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| Nov 18, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017