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71521 Halgar 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%.
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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 |
|---|---|---|---|
| Sep 15, 2026 | Price Decreased |
$995,750
↓ $57K
(5.4%) | |
| Price Decreased | |||
| Aug 30, 2026 | Listed by Coldwell Banker Realty | $1,052,250 | |
| Listed by Coldwell Banker Realty | |||
| Dec 6, 2025 | Price Decreased |
$1,129,000
↓ $59K
(5%) | |
| Price Decreased | |||
| Oct 28, 2025 | Price Decreased |
$1,188,000
↓ $12K
(1%) | |
| Price Decreased | |||
| Oct 8, 2025 | Listed | $1,200,000 | |
| Listed | |||
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Welcome to Magnesia Falls Cove in Rancho Mirage - a community rich in charm, history, and stunning natural beauty, all with no HOA! Nestled in the heart of what's long been known as the ''Playground of Presidents,'' this classic 1970s home offers the perfect blend of mid-century character and modern comfort. Enjoy your own private backyard oasis featuring a spacious pool, separate spa, and breathtaking mountain views -- ideal for everyday relaxation or entertaining. With three bedrooms, the primary suite opens directly to the outdoors and spa area, inviting you to soak in the serenity. The living room centers around a cozy fireplace, adding warmth and personality to the open layout. Move in and enjoy immediately or use this as the perfect backdrop for your dream mid-century remodel. The home boasts upgraded windows, a newer HVAC system, and leased solar for energy efficiency. An extended garage with power upgrade for an Electric Vehicle, and a built-in workbench is perfect for hobbies or storage. The long driveway provides plenty of additional parking. The backyard has ample room to add an ADU or casita for guests or rental income potential. Currently there is a outdoor storage shed built on foundation for extra storage. Rancho Mirage is renowned for its Hollywood and presidential ties, world-class medical care, cultural attractions, top-rated dining, and some of the best hiking in the Coachella Valley -- all just minutes away. Don't miss your chance to own a slice of Magnesia Falls Cove, where location, views, and timeless charm come together.
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About Rancho Mirage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017