74031 Fairway 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 |
|---|---|---|---|
| Mar 20, 2024 | Sold | ||
| Sold | |||
| Dec 13, 2023 | Listed by Equity Union | $679,000 | |
| Listed by Equity Union | |||
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Best value for a pool home in South Palm desert! Location, location, location! No HOA! Prime South Palm Desert neighborhood, just a short walk away (or why not a golf cart away) from numerous outstanding restaurants, world-class shopping, galleries, designer shops & entertainment of El Paseo also known as the ''Rodeo Drive'' of the Coachella Valley. This charming ranch style home benefited from an extensive renovation in 2021 and even more recently a brand-new update of the main HVAC system including multiple energy efficient mini split systems and upgraded insulation of the home. The open floor plan features over 1400 sq ft of living space nicely designed for seamless indoor and outdoor entertaining. Enjoy ceramic floors in all main living areas, lots of natural light in all rooms, a large inviting kitchen island with waterfall edge with counter sitting, quartz countertop, marble backsplashes, timeless shaker style cabinetry throughout the home, stainless steel appliances, a cozy fireplace, two spa-like bathrooms with a huge walk-in shower in primary bath as well as an attached two car garage. Step outdoors to relax in the very private and low maintenance enclosed backyard with a sparkling free form heated pool & spa. Not convinced yet, this home comes basically turn-key furnished for an easy move-in. This home would be a fantastic full-time home but could also be a phenomenal seasonal rental due to its location. This home is not to be missed!
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| Jun 4, 2021 | Sold | ||
| Sold | |||
| Apr 15, 2021 | Listed by Windermere Homes & Estates | $625,000 | |
| Listed by Windermere Homes & Estates | |||
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South Palm Desert dollhouse! This charming remodel is a quick golf cart drive (or walk!) to the El Paseo Shopping District, and less than a block away from the highly-desirable George Washington Charter School. Take a ride down to one of the many fabulous restaurants or across the street for fabulous hiking! Upgrades include wood-like porcelain tile, upgraded carpet in bedrooms only, stylishly tiled fireplace, quartz counters with waterfall edge, marble backsplash, white shaker cabinets with hardware, and stainless steel appliances. Freshly painted inside. The backyard offers sparkling pool and spa with nice space for entertaining. This is not gated and not in an HOA.
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| May 10, 2019 | No longer available | - | |
| No longer available | |||
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About South Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017