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655 S El Cielo Road
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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.
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 16, 2024 | Sold | ||
| Sold | |||
| Jul 23, 2024 | Listed by Equity Union | $1,775,000 | |
| Listed by Equity Union | |||
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A beautifully renovated, stylish home with great separation of bedrooms and a large, private backyard with stunning views to the western mountains. This 5 bedroom/4 bath (3 bedrooms ensuite) smart home was enlarged and completely renovated in 2024 (house is now 2,353 sq. ft.) Over $700,000 invested in renovations including: new Chef's kitchen including custom cabinets, quartz countertops, and suite of new stainless steel appliances, all new supply-side plumbing, new electricals, new OWNED solar system (30 panels, 12KW System) new high R value insulation throughout walls & ceiling; along with a new roof, new pool and spa. Additionally, the house is offered Fully Furnished with full price offer. Take in views to the western mountains from the new pool and spa, while dining al fresco in the private backyard or while playing Bocce Ball in your own court. Located in the Little Beverly Hills neighborhood on the coveted south side of Palm Springs just off Palm Springs' largest park and the Prescott Wildlife Preserve, and close to downtown Palm Springs restaurants, shopping and entertainment. This home is discreetly close to where you want to be. With Fee Simple land (land you own) and no HOA, this property presents an unparalleled opportunity for luxurious desert living. Home is Move-In ready.Property qualifies for short-term/vacation rentals.
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| Dec 21, 2021 | No longer available | - | |
| No longer available | |||
| Dec 3, 2021 | In contract | - | |
| In contract | |||
| Nov 22, 2021 | Listed by Ashby & Graff | $799,000 | |
| Listed by Ashby & Graff | |||
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Rare View Lot in Highly sought-after Little Beverly Hills Neighborhood in South Palm Springs. Down the street from the Mesquite golf course. This home offers 2 bedrooms plus one bonus bed room, 2 bathrooms and a large living room. Kitchen has been updated and opens to the living room. Home also offers separate laundry area and a game room/pool house for an additional room. Three car plus driveway and space for a RV also to include a private car garage. The jewel of this home is the spacious back yard with beautiful Mountain Views, This 11,000 plus sq ft. property is fully landscaped with remote irrigation system. Huge in ground pool and spa with tanning shelf and built in bench seating newly constructed with New heater and filtration system all remote controlled. Yard also includes gas lines for a Fire pit or gas grill and huge pad for entertaining or events. This home has a new roof, New A/C unit and room to build. Smart home features include Smart remote access to Pool and Spa, Smart heating + Cooling, Smart Locks and advanced Security and lighting features. Can be used as Investment/home or Retirement Property. This home has 5 star reviews from vacation rental guests and several repeat guests as it is activly an Airbnb with No rental restrictions. Close to downtown Palm Springs, the Airport, Museums, Golf courses, Shopping, Food, the convention center, Casino and much more. The manager has listed the unit size as 1240 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017