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68165 Modalo 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%.
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 |
|---|---|---|---|
| May 8, 2024 | Sold | ||
| Sold | |||
| Mar 29, 2024 | Listed by Re/Max Desert Properties | $575,000 | |
| Listed by Re/Max Desert Properties | |||
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Open House Saturday March 30th 11AM-1PM! Rare find in Cathedral City! This home has it all. South facing 3 bedrooms, 2 baths with open lay out and lots of natural light. High vaulted ceilings. Newer high efficiency HVAC and hot water heater! Solar owned with 36 panels for incredible energy savings. Private pool, spa with gorgeous mountain view with loads of patio and deck area. Updated stainless appliances. Newer pool heater and programmable pump. Ideal for car collectors and RV fans. Long, gated RV driveway with hook ups leading to an additional 2 car detached 2 car garage. Great for a boat or water toys! That's right, this one features a 4 car garage! Low maintenance landscape. Just minutes away from shopping centers and only 15 minutes from downtown Palm Springs.
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About Palm Springs Highlands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017