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71677 Tunis Road
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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 |
|---|---|---|---|
| Jun 4, 2020 | Sold | ||
| Sold | |||
| May 1, 2020 | Listed by The Address, Inc | $645,000 | |
| Listed by The Address, Inc | |||
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RARE MEDITERRANEAN COTTAGE full of old-world charm, located in the desirable Magnesia Falls Cove. OPEN LIVING AREA expands from updated Kitchen through living room with rich wood ceilings, paver floors, and fireplace flanked by large picture windows to view lush garden and water fountain. Separate dining room, wall of wood French doors opens to intimate outdoor space. Fire pit, fountain, built in bench, BBQ bar and string lights wrapping the shade tree making it a perfect place to relax, socialize and enjoy Sunset Skys over Mountain Views. Master suite separated from both guest rooms with it's own charming built-ins, walk-in closet and skylight over dressing area. French doors access a large side yard with room to dream up your own water feature or pool, and could even be expanded into a front patio area for viewing mountains while offering privacy from the street. Recent improvements: HVAC System, appliances, tile and landscape. Turn-Key Option and strong Rental Market in area. Nearby The River, Rancho Mirage's premier outdoor shopping, dining, center. Just 12 miles from both Palm Springs and La Quinta, while famous El Paseo Shopping District is less than 3 miles away!
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| Jul 29, 2017 | Listed | $422,000 | |
| Listed | |||
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A very comfortable European style home in Rancho Mirage close to The River, shopping, restaurants and movies. One of a kind, nestled within Magnesia Falls Cove - a desirable and established neighborhood. Wood floors in the dining area match the handcrafted windows and multiple French doors that open to the back yard. The master bedroom has its own fireplace with custom tile and natural stone in the bathroom, and French doors leading to the jacuzzi spa that is not filled with water at this time. A light, bright and spacious office. Seller is a licensed RE agent. This is a short sale. The manager has listed the unit size as 1586 square feet.
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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