68790 Minerva Road
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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.
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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 |
|---|---|---|---|
| Feb 13, 2026 | Sold | ||
| Sold | |||
| Jan 14, 2026 | In contract | - | |
| In contract | |||
| Nov 21, 2025 | Price Decreased |
$548,000
↓ $47K
(7.9%) | |
| Price Decreased | |||
| Nov 7, 2025 | Listed by HomeSmart | $595,000 | |
| Listed by HomeSmart | |||
| Sep 10, 2025 | Listed | $598,000 | |
| Listed | |||
| | |||
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Situated on Cathedral City's iconic ''Candy Cane Lane,'' this tri-level home offers over 2,200 sq. ft of living space, 3 bedrooms, and 2 bathrooms with stunning mountain views from both the upper and lower levels. The spacious layout includes a comfortable primary suite and multiple living areas, perfect for entertaining or relaxing. Step outside to a private backyard retreat with a sparkling pool and spa, plus a charming storage shed for hobbies or extra storage of holiday decorations. Owned solar adds energy efficiency, making this home as practical as it is inviting. Located in one of the desert's most festive and sought-after neighborhoods, this property blends community spirit with resort-style living - an opportunity rarely available on this celebrated street.
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About Palm Springs Panorama
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017