Listed by: Hannes Scherber, HPS Real Estate Investments
$555,000
●
House -
Off Market
69225 Nilda Drive
Cathedral City, CA 92234
4 Beds
2 Baths
1,500 Ft²
$2,824
Est. Monthly
About This Property
Major Price Improvement ! Disregard the previous days on the market
because this sensational remodel was leased seasonally as a
furnished rental. This rare 4 Bd, 2 Ba pool home looks and feels
like a designer showcase. Almost everything has been redone.
Kitchen, bathrooms, flooring, windows, light fixtures, irrigation
system and landscaping. Owner went all out and even had the
property recently appraised with all these upgrades. This is one of
these places where you just drop your luggage and you know you have
arrived home. YOUR home. Wait until you see the backyard. It is an
entertainer's delight! Come by and see it today because tomorrow
maybe too late. Furniture might be available outside of escrow.
Unit Size
1,500 Ft²
Days on Market
109 days
Land Size
0.19 acres
Price per sqft
$383
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1965
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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: 3 years ago (CRMLS #219109896DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2024 | Sold | ||
| Sold | |||
| Apr 11, 2024 | No longer available | - | |
| No longer available | |||
| Mar 16, 2024 | Price Decreased |
$594,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Jan 31, 2024 | Relisted | $599,000 | |
| Relisted | |||
| Jan 6, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Garage
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
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Cathedral City
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Listed by: Hannes Scherber, HPS Real Estate Investments
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219109896DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219109896DA
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