73087 Somera 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%.
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 |
|---|---|---|---|
| Jul 8, 2024 | Sold | ||
| Sold | |||
| Jan 24, 2024 | Listed by SPEKTERRA | $860,000 | |
| Listed by SPEKTERRA | |||
| Apr 16, 2013 | Sold | ||
| Sold | |||
| Jan 30, 2013 | Listed by Bennion Deville Homes | $369,000 | |
| Listed by Bennion Deville Homes | |||
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Located Up On The Hill Above The Famous El Paseo District! Wonderful Design For Casual Desert Living, This Home Features A Huge Great Room With Walls Of Glass Looking Out To The Private Rear Grounds! The Kitchen Features Two Large Double Pantries & A Breakfast Nook! Each Bedroom(3rd Bedroom Is Used As A Den/Office) Has Access To The Back Yard Which Is Like A Tropical Oasis! Several Seating Areas Allow For Comfortable Relaxation And Surround The Salt Water Pool With Elevated Spa & Waterfall Ribboned In Desert Toned Stone! Outdoor Kitchen Area Features Built-In Stainless BBQ, Tiled Counters, Elevated Snacking Bar, Gas Cooking Burners, Built In Stainless Storage Areas And Beautiful Views Of The Mountains! Huge RV Access! Great Location On The South Side Of Palm Desert Is Close To Shopping & Dining Venues! Beautiful Neighborhood Park Is Right Around The Corner! Cart Directly To Shadow Mountain Course! No Association Fees! NOTE: The 3rd Bedroom is Attached To The Master Suite
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017