72187 Rancho Road
About This Property
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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%.
How much can I actually make?
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 |
|---|---|---|---|
| Oct 30, 2018 | Sold | ||
| Sold | |||
| Jun 12, 2018 | Listed by HK Lane Real Estate | $1,090,900 | |
| Listed by HK Lane Real Estate | |||
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Beautiful Mediterranean home sitting on .5 acre in the heart of Rancho Mirage. This home offers 4 beds/ 3.5 baths PLUS an 800 SqFt detached casita w/ bed & bath. Beautiful lush grounds & south facing mountain views. Outdoor includes saltwater pebble tec pool with heating & cooling system, waterfall feature, outdoor shower, built-in BBQ with palapa cover, fire pit & patio with fans & misting system. Spectacular curb appeal w/ large brick-paved circular driveway, pristine landscaping & stone walls with custom metal doors leading into a huge brick-paved courtyard. Kitchen has slab granite counter tops/backsplash, stainless appliances, custom cabinets & breakfast area. Family room has floor to ceiling stone wall with gas fireplace. Indoor includes ceramic tile flooring, high ceilings, custom wood doors, Jack & Jill bath, 3 HVAC unit, & more. Spotless 3 car garage has built-in cabinets & sealed floor. Room for RV parking. Home is a great value w/ no restrictions on short term rentals.
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About Rancho Mirage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017