68660 Morongo Road
About This Property
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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 |
|---|---|---|---|
| Dec 1, 2023 | No longer available | - | |
| No longer available | |||
| Oct 4, 2023 | Listed by HomeSmart | $489,900 | |
| Listed by HomeSmart | |||
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This 3 bed 2 bath and extra multiuse room property is situated on a generous lot, it boasts a sparkling pool and spa, inviting you to unwind in the tranquility of your own private paradise. New cabinets, new tile flooring, showers and much more to offer. Solar panels for a lower electric bill. Conveniently located near, shopping centers, schools, etc., this property offers not only a serene retreat but also easy access to the amenities that make living in Cathedral City so desirable. The manager has listed the unit size as 1420 square feet.
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| Jun 14, 2018 | Sold | ||
| Sold | |||
| May 10, 2018 | Listed by Thunderbird Realty | $225,000 | |
| Listed by Thunderbird Realty | |||
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Perfect for Investors!! Great 3bd 2ba 1420 sq. ft. home on a quiet cul-de-sac. Huge master bedroom with walk in closet. Covered patio leading out to refreshing recently resurfaced pebble tech swimming pool to cool off on those hot summer days! Front and back yards are a blank canvas waiting for the perfect landscaping ideas. PLEASE NOTE: Buyer must honor tenants lease through 01/31/2019!
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About El Rancho Grande
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017