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68240 Hermosillo 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 28, 2025 | Sold | ||
| Sold | |||
| Nov 21, 2024 | Listed by Allison James Estates & Homes | $575,000 | |
| Listed by Allison James Estates & Homes | |||
| | |||
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68240 Hermosillo is tastefully remodeled 3 bedroom 2 bath plus bonus room ready to move in and make a home. High ceilings with new recessed lighting through out with new fans in every room. The front door opens into the living room which has a real wood see through fireplace and new carpets and blinds. Which takes you to the dining room with a new large chandelier right off a large kitchen with all new Forno appliances. Brass accents throughout the kitchen and home.A large concrete patio is just off your kitchen/dining room with new French doors. From the dining room move into the guest bathroom with a newly tiled bathtub and new vanity and sink the laminate floors continue into bath room a newly tiled bathtub and new vanity and sink the laminate floors continue into bath room and hall. Which leads to a large main bedroom with en suite walk in shower with large glass sliding doors brass ascents and dual sinks with a new quartz counter. Back through the hall you have your other two bedrooms both with ample closet space and new carpets, blinds and fans. Further down the hall you have a laundry space off the garage and the bonus fourth bedroom/man cave/hobby room with a walk in closet and in wall ac. Front yard landscaped with low maintenance desertscape and the back yard has a large green space for playing or relaxing with kids or dogs or just to enjoy the desert weather. Dry walled 2 car garage with shelves for storage.
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| Mar 3, 2024 | No longer available | - | |
| No longer available | |||
| Feb 15, 2024 | In contract | - | |
| In contract | |||
| Feb 3, 2024 | Price Decreased |
$389,300
↓ $28K
(6.6%) | |
| Price Decreased | |||
Property Highlights
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About Palm Springs Panorama
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017