73311 Colonial Drive
About This Property
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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 |
|---|---|---|---|
| Oct 11, 2019 | Sold | ||
| Sold | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $94,950 | |
| Listed | |||
| | |||
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Two bedrooms, two baths, updated home in Tri Palms Country Club. You own the land that this 800 sf, 1970 remodeled home sits on. There is plenty of room to add on if you want. The home is surrounded by a beautifully made wrought iron gate for security and privacy. Enter the gate and the covered concrete patio is built around a large natural boulder. There is a separate gate at the side for secure golf cart parking, covered patios on both sides, garden shed, multiple planter boxes, desert landscaping, timed irrigation system. The home has laminate floors, updated appliances, cabinets, kitchen island, custom pendant lighting, full-size stackable Maytag washer and dryer. Dual pane vinyl windows. Custom paint and interior design. Furnishings included. New vanities in the bathrooms. Spacious walk-in closets in the master bedroom and guest room. The bedrooms have brand new carpet and upgraded padding. Coleman furnace is the newer type and the A/C cools very well. Quiet area, snowbird neighbors, free RV parking across the street. Tri Palms Country Club features many amenities including free golf for two people on title, access to the clubhouse, pools, hot tubs, restaurant, sports bar, social activities, bingo, ladies club, live entertainment, karaoke, tennis cou The manager has listed the unit size as 800 square feet.
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| Aug 1, 2019 | Listed by Smart Realty Group | $94,950 | |
| Listed by Smart Realty Group | |||
| Dec 31, 2018 | Sold | ||
| Sold | |||
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About Thousand Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017