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71274 Mirage 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 1, 2024 | Sold | ||
| Sold | |||
| Mar 4, 2024 | Listed by Keller Williams Realty | $1,800,000 | |
| Listed by Keller Williams Realty | |||
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This 1948 Rancho Mirage home has been extensively renovated, offering countless high-end finishes and amenities! Located on an enormous, private, gorgeously maintained park-like lot in the prestigious Magnesia Falls Cove, the home offers up spectacular mountain views! The open floor plan combines the living room, dining room and kitchen to allow for easy living and seamless entertaining. Original tongue and groove wood ceilings, fireplace, Tech LED lighting and high-end stainless-steel appliances are just a few of the great features this home has to offer. Tankless hot water heaters, three HVAC systems and a mini split in the Bonus room/den, plus a leased solar system for maximum efficiency. Nest thermostats throughout, Lutron lighting, MyQ garage doors and Ring security system are all easily controlled from your smart phone. Attached casita, and bonus room /den allows for extra privacy and additional access for guests (or perfect for rental). Large outdoor patio area is great for indoor outdoor lifestyle with the beauty of the pool and spa including, a tanning shelf! This magnificent highly styled home has it all! Buyers to verify all information on the MLS including SQ FT
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| May 26, 2021 | Sold | ||
| Sold | |||
| Mar 4, 2021 | Listed by Bennion Deville Homes | $1,299,000 | |
| Listed by Bennion Deville Homes | |||
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This 1948 Rancho Mirage home has been completely renovated from top to bottom with all the amenities one would want in a new home today. A 945 SQ FT addition to the home was the starting point of this stunning remodel with the owner's suite now looking out over the backyard and the recently installed sparkling pool & spa. The open floor plan combines the living room, dining room and kitchen to allow for easy living and seamless entertaining. Original tongue and groove wood ceilings, fireplace, customizable Tech LED lighting and high-end stainless-steel appliances are just a few of the great features this home has to offer. Tankless hot water heaters, three HVAC systems for maximum efficiency, nest thermostats and a Ring security system are all easily controlled from your smart phone. Surrounded by mountains in Magnesia Falls Cove, this home takes advantage of this by capturing those mountains from each and every window in the home. A two-car garage, large, enclosed storage room off the garage as well as interior laundry are an added bonus not normally found in mid-century homes. This home will not last long and is a must see when looking for your new desert home.
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| Sep 28, 2018 | No longer available | - | |
| No longer available | |||
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About Rancho Mirage
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$6,950 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017