695 Mesa Grande Drive
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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 |
|---|---|---|---|
| Jul 6, 2021 | Sold | ||
| Sold | |||
| Jun 6, 2021 | Listed by Bennion Deville Homes | $1,250,000 | |
| Listed by Bennion Deville Homes | |||
| Nov 17, 2015 | Sold | ||
| Sold | |||
| Aug 11, 2015 | Listed by Bennion Deville Homes | $699,000 | |
| Listed by Bennion Deville Homes | |||
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This exquisite home boasts one of the best locations in Indian Ridge CC. The West facing patio provides full-on views of the mountains, the undulating, tree-lined 6th hole of the Arnold Palmer Arroyo golf course, and stunning sunsets. Tastefully decorated throughout, with valances, sofas & swivel bar stools all complementing each other with a contemporary flare. Upgrades include custom ceiling pin lights, electronic patio awning, built-in BBQ, custom pavers in the driveway, epoxy garage floor, and electronic blinds across the entire back of the house controlled by hand-held remotes. The upgraded kitchen with granite counter tops opens to the family room with built-in entertainment center, an extra large sectional, and oversized TV. Contemporary fans throughout the house, plush carpet, travertine floors, & mirrored walls, all add casual elegance and ambiance to this must see home. Furnishings available per inventory list, excluding some art, bronzes & paintings.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017