71704 Tunis 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 |
|---|---|---|---|
| Jul 29, 2021 | Sold | ||
| Sold | |||
| Jun 24, 2021 | Listed by eXp Realty of California, Inc | $825,000 | |
| Listed by eXp Realty of California, Inc | |||
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CLASSIC MID-CENTURY MODERN RENOVATED POOL HOME. Turn-Key Home provides both North and INCREDIBLE Southern Mountain Views within desirable Magnesia Falls Cove Neighborhood. Bright-white open wood ceilings and tile flooring throughout. Wall-to-wall glass looks out to your own private resort style desert playground. Modernized salt-water pool features tanning shelf, bench seating, and water-fall from raised spa. Fire pit, out-door shower, BBQ grill, adjustable umbrellas, custom fencing, LED lighting, cooling artificial grass conceals drainage system, plus larger storage shed. Second Guest Suite separated from other bedrooms includes fireplace, glass slider view to pool and private updated 3rd bathroom and large closet. Home fully refreshed over the past 10-years including; silver framed glass sliders and windows throughout, updated bathrooms, fully redesigned pool & equipment, cement decking & driveway, metal enclosed roofing facia and soffits. Most recently new dishwasher, refrigerator, 80' TV and tankless water heater. PLUS PAID-FOR SOLAR. Clean Desert Landscape simplifies maintenance as a perfect second residence. Nearby The River, Rancho Mirage's premier outdoor shopping, dining, and entertainment 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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About Rancho Mirage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017