68875 panorama 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.
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 |
|---|---|---|---|
| Aug 17, 2022 | Sold | ||
| Sold | |||
| Jun 15, 2022 | Listed by Keller Williams Luxury Homes | $599,000 | |
| Listed by Keller Williams Luxury Homes | |||
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Built for the GOOD LIFE and EFFORTLESS entertaining! 3BD, 2BA in one of Cathedral City's most desirable neighborhoods. POPS of contemporary design throughout including the front + garage doors. Kitchen + bath finishes present rather nicely. Open concept living + dining areas. Stylish gas fireplace and vaulted ceilings. Take your pick, formal or casual dining. Two distinct patios to be enjoyed fronting a gazebo + BBQ, the other opening to pool and mountain views. Back of property is walled + gated creating a definite sense of privacy. LOVING this pool's clean lines and contemporary cascading fountain. Heating system is new. Heading back inside, the primary suite features a large walk-in closet, beautiful tile work playing up an already awesome master bath, and direct access to the pool and patio. Guest bedrooms are well appointed. 2-car garage with direct access and laundry. The sought-after Cathedral City neighborhood is removed from the hustle of town and yet a quick hop to I-10. Nearby Panorama Park is the city's largest. All the fun of Downtown Palm Springs is a short drive away.
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| Apr 21, 2021 | Sold | ||
| Sold | |||
| Feb 25, 2021 | Listed by Redfin Corporation | $525,000 | |
| Listed by Redfin Corporation | |||
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Pride of ownership opportunity in a prime Cathedral City location close enough to the I-10 to zip in and zip out and far enough away to be a serene retreat! The attention to detail on this property will stun the most selective of potential home-owners. From the plantation shutters to the custom finishes throughout the home and the backyard, each detail was carefully hand selected and painstakingly installed to make this home the nicest in the neighborhood. The corner lot provides lovely mountain views as well as privacy - the best of both worlds. Minutes to shopping, casinos, theaters, museums, restaurants and nightlife - this is desert living at its finest! You'll want to see this in person - but move quickly, this one won't last.
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| Feb 10, 2019 | No longer available | - | |
| No longer available | |||
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About Cathedral City
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Last Updated: 4 months ago
Data Source: CRMLS, MLS# 217032340DA
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