74026 Velardo Drive
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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 |
|---|---|---|---|
| Sep 2, 2022 | Sold | ||
| Sold | |||
| Jul 20, 2022 | Listed by Desert Sands Realty | $489,900 | |
| Listed by Desert Sands Realty | |||
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Newly remodeled, Adorable Palm Desert home with low maintenance landscape and ready to move in! This home boasts 3 bedrooms and 2 bathrooms in over 1000 square feet of living space with 2 car garage, all on a large lot in the heart of Palm Desert. So centrally located and close to all of the conveniences of shopping, schools, parks, dining and so much more. A perfect starter home or Investment and ready to move in!!
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| Jun 7, 2016 | Sold | ||
| Sold | |||
| Apr 20, 2016 | Listed by RE/MAX Consultants | $209,000 | |
| Listed by RE/MAX Consultants | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017