7048 Cholla Avenue
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 |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Oct 2, 2023 | Listed by REALTY MASTERS & ASSOCIATES | $289,988 | |
| Listed by REALTY MASTERS & ASSOCIATES | |||
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TURN-KEY, Fascinatingly Remodeled!! Attention: Investors, First-time Homebuyers! Discover this GEM dream starter home with lots of space for an ADU, additional bedrooms, bathrooms, or possibly build a mother-in-law casita or swimming pool! Own this amazingly designed 1- bedroom, 1 bath, beautifully landscaped and fully furnished home. This property features a vaulted ceiling, laminate flooring in the living room and well-decorated bathroom; with lots of UPGRADES such as a SPA, recently added perimeter fencing, Split-type AC, new electrical panel, 240 VOLT Outlet, outdoor shed, fire-pit and a lot more.
Watch the night skies or mesmerize the glazing mountain during winter. This house was meticulously upgraded by previous owners and is being cleaned and well-maintained by current owners at all times in its most pristine condition. This cozy home is perfect for those seeking temporary abode with the luxury of having a nice kitchen with newer cabinets, with washer and dryer, two refrigerators/freezers under the counter, microwave and brand new ceramic top range and complete with personal stuffs, for guests/visitors. Go camping at the backyard or live in a place with hotel-like amenities, fully-furnished kitchen, laundry, dining and living rooms.
Located in a corner lot, this charming home has generous space to park your car, an RV inside the secured fenced area or outside along the street. The quality construction and thick strong walls make the whole house cooler during summer and warmer during winter. Situated in the sought-after neighborhood, enjoy the easy access to town, local events, and outdoor activities of the nearby dessert mountains where locals and millions of tourists visit year after year to explore the rugged landscapes of Joshua Tree National Park, Pioneer Town, Hiking Trails, Pappy & Harriet's lots of places for hiking and photography. Take advantage of the chance and make this your home-sweet-home, a second home or a rental property!
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| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jun 26, 2018 | Sold | ||
| Sold | |||
| Jun 7, 2018 | Listed | $99,900 | |
| Listed | |||
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Immaculate 1 bedroom detached house with upgraded flooring, finishes and gorgeous fireplace. Huge corner lot with unlimited potential. Fenced in front porch, New carpet in bedroom. Perfect for first time buyers, investors or landlords. Unlike many homes in this price range, this does not need rehab and will qualify for financing. Shows like new. High end quality of construction and thick walls keep house cool in the summer. Please view our Virtual Media Tour! The manager has listed the unit size as 580 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017