71849 Magnesia Falls Drive
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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 |
|---|---|---|---|
| May 30, 2018 | Sold | ||
| Sold | |||
| Apr 5, 2018 | Listed by Re/Max Associates | $675,000 | |
| Listed by Re/Max Associates | |||
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*Mid-Century Built + *CONTEMPORARY Style + *Ultimate MOUNTAIN VIEWS + *OUTSTANDING OUTDOOR LOUNGING.......... *LOCATED in the Magical Magnesia Falls Cove = A HOME YOU MUST SEEEEEEEEEEE! A PIECE OF PARADISE!!!!!!!!
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| May 24, 2013 | Sold | ||
| Sold | |||
| Mar 22, 2013 | Listed by Coldwell Banker Realty | $219,500 | |
| Listed by Coldwell Banker Realty | |||
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Investors, this is perfection waiting to happen! Minutes from The River and backing up to The Bump & Grind Trail of the San Jacinto mountains, sits this Mid-Century 3BR/2BA south facing, pool home ready for you to finish. The fenced-in yard is large with a gunite pool & spa and a large side yard. Upgrades already in place consist of dual pane windows, plantation shutters, roll up Venetian blinds, a wood burning fireplace, vaulted ceilings, French doors, Frigidaire Professional SS range with vented hood & dishwasher , new kitchen cabinets with granite counters, upgraded & remodeled bathrooms with granite, hardwood floors throughout with carpeted bedrooms. There are repairs that will need to be done. It is a short sale & all offers will need to be approved by the Lender of Record. Bring your tools and finish this wonderful home. It's YOUR move!
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About Rancho Mirage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017