69221 Vera Drive
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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%.
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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 |
|---|---|---|---|
| Apr 4, 2023 | No longer available | - | |
| No longer available | |||
| Mar 6, 2023 | In contract | - | |
| In contract | |||
| Mar 3, 2023 | Price Decreased |
$649,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Feb 10, 2023 | Listed by Sharon Rose Realty, Inc. | $664,000 | |
| Listed by Sharon Rose Realty, Inc. | |||
| | |||
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Embrace midcentury charm in this up-and-coming neighborhood of Cathedral City, CA. This stunning 4-bedroom pool home, built in 1964, has been thoughtfully curated with an eye for design and offers a peaceful escape in a prime location just 5 minutes from shopping, dining, and entertainment hotspots. This home is also conveniently located within walking distance to local schools. Featuring updated finishes, the open concept living area boasts a spacious kitchen perfect for entertaining and lounging. Adjacent to the dining room, there's a versatile space that can be used as a home office or extra bedroom. The primary suite includes a dressing area and ensuite bathroom, while two additional bedrooms share another stylish bathroom. Step outside to the backyard haven, complete with a glistening pool, bar area, al fresco dining and lounging spaces, and shade sails for those hot summer days. The front yard boasts breathtaking views of snow-capped mountains and a cozy fire pit area, perfect for relaxing with friends. Vera Drive is a no outlet street so there is no through traffic. This prime location is just 5 minutes from Rancho Mirage, 10 minutes from either Palm Springs or Palm Desert, and 7 minutes from the 10 Freeway. Cathedral City offers a variety of amenities, including local parks, shopping centers, dining options, and entertainment venues. Don't miss out on this opportunity to own a piece of midcentury magic with a modern edge in a rising neighborhood with plenty to offer. Showings are by appointment only, please text or call the listing agent to schedule a visit. The manager has listed the unit size as 1808 square feet.
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| Nov 30, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017