$400,000
●
House -
Off Market
70131 Cobb Road
Rancho Mirage, CA 92270
3 Beds
1 Bath
1,240 Ft²
$560,126
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
This charming home is conveniently located in the desirable
Tamarisk neighborhood of Rancho Mirage and close to all the
amenities you need. The home features 3 bedroom and 1.75
baths, a see-through fireplace, french doors, and a sparkling lap
pool with solar assisted heating. The open dining area, living room
and kitchen have tile throughout and carpet in the bedrooms.
Great starter home, winter getaway or vacation rental.
Unit Size
1,240 Ft²
Days on Market
49 days
Land Size
0.18 acres
Price per sqft
$322
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1967
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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: 4 months ago (CRMLS #219042720DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 29, 2020 | Sold | ||
| Sold | |||
| May 11, 2020 | Listed by Keller Williams Realty | $399,500 | |
| Listed by Keller Williams Realty | |||
| | |||
|
This charming home is conveniently located in the desirable Tamarisk neighborhood of Rancho Mirage and close to all the amenities you need. The home features 3 bedroom and 1.75 baths, a see-through fireplace, french doors, and a sparkling lap pool with solar assisted heating. The open dining area, living room and kitchen have tile throughout and carpet in the bedrooms. Great starter home, winter getaway or vacation rental.
| |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Tamarisk Country Club
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Currently no similar homes aroundNearby Rentals
Listed by: Maria Bradfield, Keller Williams Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219042720DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219042720DA
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