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73147 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%.
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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 |
|---|---|---|---|
| Aug 3, 2018 | Sold | ||
| Sold | |||
| May 29, 2018 | Listed by Coldwell Banker Realty | $595,000 | |
| Listed by Coldwell Banker Realty | |||
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Remodeled 4 bedroom, 3 bath home in So. Palm Desert with large office off master bedroom, on a beautifully landscaped 13,500 (approx.) square foot lot with a 26 panel 10,000 KWH leased solar system with net metering. The great room is approximately 720 square feet with lovely kitchen highlighted by granite counter tops and large island with GE Profile 5 burner gas cook top, all stainless steel appliances, range hood & wine cooler, and luxurious pecan surface cabinets with beveled glass fronts. The master suite has a deep walk-in closet, large bath with dual vanities, separate tub & shower. All bedrooms are nicely separated for privacy. 20 inch neutral tone tile floors throughout the home, dual pane windows & sliding glass doors, dual HVAC system, ceiling fans & central attic fan for those hot days. Recessed lighting throughout. Concrete shake roof, custom paver driveway & front walk, Potential walled RV space. Washington Charter School District. Priced below 09/17 appraisal per seller.
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| Jan 28, 2014 | Sold | ||
| Sold | |||
| Aug 30, 2013 | Listed by Coldwell Banker Realty | $569,000 | |
| Listed by Coldwell Banker Realty | |||
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Gorgeously remodeled almost 2,600 sq. ft. home in the estate area of south Palm Desert, with 720 sq. ft. great room, 4 bedrooms (2 masters) PLUS separate office, 3 baths, salt water pool with Pebble Sheen surface, on a 13,500 sq. ft. beautifully landscaped lot with mountain views from the pool area. The great room features a lovely 3 sided freestanding gas fireplace, an open kitchen with granite countertops and large island with GE Profile gas range, all stainless steel appliances and hood, and luxurious pecan surface cabinets with beveled glass fronts. The new master suite, added in 2004 has a walk-in closet, large bath with dual vanities, and a large separate office or nursery. The 4 bedrooms are nicely separated for privacy. 20 inch neutral tone tiles are featured throughout the entire home. There are dual pane windows, dual heating and A/C system, ceiling fans and recessed lighting everywhere, a concrete shake roof, luxurious driveway of custom pavers. Potential walled RV space too
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About South Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017