73840 Rancho 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 |
|---|---|---|---|
| Apr 21, 2022 | Sold | ||
| Sold | |||
| Mar 1, 2022 | Listed by Compass | $629,999 | |
| Listed by Compass | |||
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Welcome to 73840 Rancho Road in Palm Desert. This single family home is located in Palm Desert not too far from El Paseo and close to dining, shopping, entertainment and parks and with NO HOA. This home has been nicely updated to include things such as a new furnace, swamp cooler, solar panels (leased), new roof, an outdoor shower, whole house water purification system, stainless steel appliances (including a new Bosch dishwasher), Ring doorbell, Nest thermostat, and much more! There is also a gated RV parking space. The master bedroom is nicely separated from the two guest bedrooms and both the master and the guest bathroom are nicely updated. With low maintenance landscaping this home could very well be used as a vacation get-away or as a full time home. Contact me today for a showing!
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| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| May 16, 2018 | Listed | $369,500 | |
| Listed | |||
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Remodeled in 2014 - immaculately cared for (no pets) High end newer stainless steel appliances including front load washer/dryer, double door fridge, 5 burner gas range and oven, dish washer, island range hood, and whole house water purification system. RV parking (10ft double door gate) 2 year old fruit trees including fig, lemon, moringa and mango. Low maintenance desert-scape The manager has listed the unit size as 1733 square feet.
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| Jan 23, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017