68237 Risueno 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 |
|---|---|---|---|
| May 28, 2024 | Sold | ||
| Sold | |||
| Mar 6, 2024 | Listed by Compass | $649,999 | |
| Listed by Compass | |||
| May 24, 2016 | Sold | ||
| Sold | |||
| Apr 5, 2016 | Listed by La Quinta Palms Real Estate Co | $310,000 | |
| Listed by La Quinta Palms Real Estate Co | |||
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Wow! What a great home located in the Panorama tract in Cathedral City! This two story home is approx 2,473 sqft w/ 3 bedrooms and 3 baths. There is a large great room with two story tall ceilings plus a separate family room w/ fireplace and wet bar, a large open kitchen w/ tile counter tops, eating bar, pantry (also includes the refrigerator) and lots of cabinet and counter space. The master bedroom is upstairs and has a vaulted ceiling and includes a fireplace, patio doors leading to a balcony, walk-in closet, private bath with large oval tub w/ window box and separate glass enclosed granite shower. Other features include an indoor laundry (with washer and dryer), a two car garage, a large rear yard with a covered, gated patio plus pool and spa, tile roof, block walls and so much more! Don't miss this great opportunity!
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About Palm Springs Panorama
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017