70050 Chappel Road
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2024 | Sold | ||
| Sold | |||
| Mar 31, 2024 | Listed by Coldwell Banker Realty | $879,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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HUGE PRICE REDUCTION! Without a doubt, the best buy in Rancho Mirage! Discover the epitome of luxury living in this stunning 3-bedroom residence, featuring a private casita with a utility kitchen. Impeccably designed, this Mid-Century Modern single-family home is nestled in the prestigious Tamarisk Heights neighborhood of Rancho Mirage.Upon arrival, you'll be greeted by a circular driveway (adding a touch of grandeur to the already magnificent property). As you enter though the custom designed gates, a private courtyard with a mesmerizing firepit invites you to unwind and soak in the desert evenings.Step into the backyard, an entertainer's paradise, boasting a sparkling 'Zen' style pool with a brand-new pebble tech surface, updated tile, and a state-of-the-art pool heater. The entire property has been freshly painted, both inside and out, giving it a vibrant and rejuvenated feel.Other notable features include new stainless-steel appliances, a new pool filter and pump, and a newer air conditioning system. In this Mid-Century Modern gem, you'll find the perfect blend of luxury, comfort, and style. Don't miss your chance to make this your desert oasis.Contact us today to schedule a viewing and experience the allure of Tamarisk Heights living. It's not just a house; it's a true ''slice of paradise.''
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| Mar 3, 2022 | No longer available | - | |
| No longer available | |||
| Jan 6, 2022 | In contract | - | |
| In contract | |||
| Jan 4, 2022 | Relisted | $699,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017