68148 Madrid Road
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 |
|---|---|---|---|
| Mar 11, 2024 | Sold | ||
| Sold | |||
| Feb 6, 2024 | No longer available | - | |
| No longer available | |||
| Feb 5, 2024 | Listed by RE/MAX Desert Properties | $659,000 | |
| Listed by RE/MAX Desert Properties | |||
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This hidden gem sits in the beautiful neighborhood of La Pasada. A true find if you want something newer within a easy drive of Palm Springs. Do not miss out on this beautiful spacious home filled with natural light, high ceilings, a outside fireplace with a yard full of edible fruit for your own private garden looking to the mountain vistas beyond. The master suite has a spacious master bath with jet tub and walk in shower, as well as a large double vanity. This quiet location close to amenities is a rare find. The builder said the original floorplan could hold up to 7 bedrooms, if you have a large family and are looking for space in a very well maintained neighborhood, this is it,. Acid etched concrete floors, custom cabinets, granite tile counters, double ovens in this gourmet kitchen, in door laundry room. The current owners are using the property as a 3 bedroom, with a large master suite w/ retreat, 2 bedrooms on the opposite side of the house with a private area for entertainment or could easily be converted to a granny suite. Dining room was also originally set up as a dining room or can be converted to a bedroom and third bay of garage can also be converted to a bedroom space. This home can be enjoyed as it is or it can be customized to fit your families needs giving them the space to spread out. The home has also been priced aggressively by the owners who are ready to have it go to its new owners.
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| Jan 17, 2024 | Price Decreased |
$660,000
↓ $40K
(5.7%) | |
| Price Decreased | |||
| Dec 23, 2023 | Listed by I Heart Real Estate, Inc. | $700,000 | |
| Listed by I Heart Real Estate, Inc. | |||
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Welcome to your dream home in the most desirable area of Cathedral City, La Pasada. This immaculate move-in ready home has a well keep secret over the others in the neighborhood. If you are looking for an expansive home touting a unique and flexible floor plan that can easily accommodate at least 5 bedrooms, than this is the home for you! Situated for total privacy with captivating mountain views and no neighbors behind, this property offers a serene oasis just minutes to downtown Palm Springs and conveniently located with easy access to shopping, dining, freeway, and the Coachella Valley, this home is perfectly positioned for both relaxation and convenience. The polished concrete offers endless possibilities, call me to find what those are. The owner's suite, nestled in the tranquil west wing, features a spa bathroom with direct access to the rear yard adorned with abundant fruit trees. A spacious walk-in closet and a versatile gym/office/bonus area complete this luxurious retreat. This home can easily allow for both owners to work from home due to the layout's privacy and extra living spaces. On the east wing, discover two bedrooms with an attached area that could serve as a bonus room, kid's retreat, or a parent's three-room suite. Enjoy the 10ft high ceiling and warmth of fireplaces in both the great room and the rear covered patio, perfect for cozy evenings. Home also offers a complete built-in home office area, formal dining, and a charming courtyard entry. The manager has listed the unit size as 2825 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017