70305 Chappel Road
About This Property
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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 |
|---|---|---|---|
| Apr 28, 2025 | Listed | $1,075,000 | |
| Listed | |||
| | |||
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This south-facing, Mid-Century Modern-inspired home in the coveted Tamarisk area of Rancho Mirage has been impeccably maintained and thoughtfully upgraded. Since taking ownership, the current owners have completed a series of enhancements: a full kitchen remodel and reconfiguration featuring high-end Italian appliances, new quartz countertops, new cabinetry, and decorative tiled walls; installation of gorgeous new flooring throughout; upgraded interior lighting with most fixtures on dimmers; installation of five double-paned sliding glass doors along with multiple new window treatments; a new electrical panel; redesign of all bathrooms with new vanities, toilets, showers, fixtures, and exhaust fans, and fresh interior and exterior paint. The residence offers sweeping mountain vistas that can be enjoyed from both inside and out, an open-concept design, abundant natural light, and low-maintenance living with professionally installed desert scape and turf -- ideal for either full-time or seasonal enjoyment. The historic Tamarisk area is celebrated for its notable architecture, relaxed lifestyle, and proximity to Tamarisk Country Club along with a variety of dining and shopping options.
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| Apr 25, 2024 | No longer available | - | |
| No longer available | |||
| Apr 21, 2024 | In contract | - | |
| In contract | |||
| Mar 3, 2024 | Price Decreased |
$950,000
↓ $40K
(4%) | |
| Price Decreased | |||
| Jan 11, 2024 | Price Decreased |
$990,000
↓ $35K
(3.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017