$478,000
●
House -
Off Market
68880 Tachevah Drive
Cathedral City, CA 92234
3 Beds
2 Baths
1,352 Ft²
$2,455
Est. Monthly
About This Property
Located in the coveted Panorama Park area of Cathedral City this
affordable Single Story 3 Bedroom 2 Bath single family home boasts
wood-look laminate flooring and high ceilings that promotes a sense
of spaciousness along with a cozy fireplace, sky light and
breakfast bar. The functional kitchen includes all
appliances: a refrigerator, dishwasher and built-in microwave. The
recently renovated private backyard is big enough for a pool and
spa or even an ADU. The HVAC system and water heater were
replaced in the last 24 months.The attached 2 car garage with
direct access to the kitchen along with the oversized driveway
provides ample parking. The gated side yard is large enough
for an RV. The highly efficient rooftop Solar system supplies
affordable electricity and there is No HOA. Nearby amenities
such as parks, golf courses, shopping centers, casinos and highly
rated schools and the nearby freeway on and offramps makes this an
ideal location.
Unit Size
1,352 Ft²
Days on Market
59 days
Land Size
0.17 acres
Price per sqft
$370
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 10 months ago (CRMLS #219109929DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 10, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | Listed by Coldwell Banker Realty | $499,900 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Located in the coveted Panorama Park area of Cathedral City this affordable Single Story 3 Bedroom 2 Bath single family home boasts wood-look laminate flooring and high ceilings that promotes a sense of spaciousness along with a cozy fireplace, sky light and breakfast bar. The functional kitchen includes all appliances: a refrigerator, dishwasher and built-in microwave. The recently renovated private backyard is big enough for a pool and spa or even an ADU. The HVAC system and water heater were replaced in the last 24 months.The attached 2 car garage with direct access to the kitchen along with the oversized driveway provides ample parking. The gated side yard is large enough for an RV. The highly efficient rooftop Solar system supplies affordable electricity and there is No HOA. Nearby amenities such as parks, golf courses, shopping centers, casinos and highly rated schools and the nearby freeway on and offramps makes this an ideal location.
| |||
| Mar 4, 2022 | Sold | ||
| Sold | |||
| Jan 11, 2022 | Listed by Thomas Masters, Broker | $449,000 | |
| Listed by Thomas Masters, Broker | |||
| | |||
|
Back on market!! Buyers job transfer fell through, her loss is your gain!!! This will go fast, offers being taken in order they come in, first come first serve! This upgraded Panorama Park area 3/2 just under 1400 sq. ft. home will be the perfect starter home for your family. This home has been painted inside and out and has all new flooring throughout. New garage door and opener cleaned and ready for your buyers. Great room concept with fireplace. Solar is leased but will save you plenty on electricity!! This home has room for extra cars, boat, camper, toys etc. on side of garage, and a blank canvas if you want to add a pool and spa. Easy to show, see private remarks.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Sold On
Sold On
HOA + Taxes
About Cathedral City
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$3,350 /mo
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$5,450 /mo
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Listed by: Craig Loe, Coldwell Banker Realty
Last Updated: 10 months ago
Data Source: CRMLS, MLS# 219109929DA
Last Updated: 10 months ago
Data Source: CRMLS, MLS# 219109929DA
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