71685 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.
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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 |
|---|---|---|---|
| Nov 18, 2023 | No longer available | - | |
| No longer available | |||
| Nov 17, 2023 | In contract | - | |
| In contract | |||
| Sep 28, 2023 | No longer available | - | |
| No longer available | |||
| Sep 7, 2023 | In contract | - | |
| In contract | |||
| Aug 30, 2023 | Listed by Keller Williams Realty | $1,095,000 | |
| Listed by Keller Williams Realty | |||
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BEAUTIFULLY updated Post + Beam circa 1955! Ready for the pages of Dwell Magazine. Location is tops, up the hill at Magnesia Falls Cove, on the south end of Rancho Mirage. Upgrades from the past year have us falling in LOVE. New pebble-finished pool & spa w/ the perfectly designed outdoor shower. Baja-style sunning bench, spa-to-pool spillway, and custom tile work. Surrounding hardscape is all new. Adjacent dining overhang, architectural in its own right, is new. Mountain views, swaying palms, and privacy! Fire pit too. This 4 bedroom, 2 bath rancher takes full advantage of the setting. The modernist kitchen is airy and features period-inspired tile + Cambria quartz countertops. Living + dining areas enjoy architectural beamed + vaulted ceilings, clerestory windows, and brick fireplace. Onto the en suite primary which opens to pool and patio. Wallpaper + paint choices work there MAGIC. Guest Bedrooms 2 and 3 line a central hall. Bathrooms in this wing have been updated and honor the builder's original MCM sensibility. Guest Bedroom 4 is positioned on the wing just off the kitchen. There's a laundry and direct garage access along this hall. Other NEW and notable upgrades: breeze block wall fronting the home, glass entry gates (2), smooth "Santa Barbara style" masonry wall additions, metal pool enclosure matching the pool pavilion, new front + back entry doors, new insulated garage door + motor, updated garage attic ventilation, and the list goes on! Proximity to the best of South Palm Desert and El Paseo is another consideration when looking at this fabulous pocket above Highway 111 near Bob Hope Drive in the sought after 92270. Enjoy it all! The manager has listed the unit size as 1732 square feet.
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About Rancho Mirage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017