72844 Bursera Way
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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 |
|---|---|---|---|
| Sep 8, 2020 | Sold | ||
| Sold | |||
| Jul 25, 2020 | Listed by Compass | $624,900 | |
| Listed by Compass | |||
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Gorgeous, mid century home in beautiful south Palm Desert, just blocks away from the famous El Paseo. When the homeowner owns a millwork shop you get custom woodwork throughout the entire home! Beautiful kitchen cabinetry, built in cabinetry in the great room, custom master closet, all the windows, doors and trim, custom dining room table, coffee table and more were built by the owner. The kitchen is gorgeous with newer stainless steel appliances and beautiful windows opening to an awesome outdoor kitchen, including a wood burning pizza oven, just built two years ago. The beautiful pebble tec salt water pool was just redone 4 years ago with all new equipment, a raised spa, the addition of a tanning deck, LED lighting and beautiful pavers surrounding it. With such a gorgeous back yard filled with tangerine, lemon, lime, mango and orange fruit trees and so many seating and entertaining areas, you'll want to spend most of your time outdoors. Adding to your enjoyment there is an outdoor fire place, a fire pit and even a ping pong table! Palm Desert outdoor living can't be beat and this home is all ready for you. Being sold turnkey/furnished, just bring your suitcase!
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About South Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017