73185 Somera 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 |
|---|---|---|---|
| Jun 20, 2024 | Sold | ||
| Sold | |||
| May 14, 2024 | Listed by BBS Brokers Realty | $1,015,000 | |
| Listed by BBS Brokers Realty | |||
| Nov 22, 2023 | No longer available | - | |
| No longer available | |||
| Nov 1, 2023 | Listed by Desert Prop - Coachella Valley | $1,250,000 | |
| Listed by Desert Prop - Coachella Valley | |||
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Wonderful family home or part time residence located in South Palm Desert just minutes from shopping, dining, theater, hiking trails, numerous schools, and situated in a very quiet established neighborhood, near wondeful Ironwood Park - This beautiful light & bright custom contemporary is a wonderful family home with a very open feel. 4 bedrooms and 2.5 baths, pool, Covered Patio and more. Large , private rear yard with mature landscaping, Southern Mountain Views, and plenty of room for a casita/ADU. Once you see it, you will fall in love with this home. The manager has listed the unit size as 2008 square feet.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017