74100 El Cortez Way
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 |
|---|---|---|---|
| Apr 6, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Listed by Equity Union | $998,000 | |
| Listed by Equity Union | |||
| May 17, 2023 | Sold | ||
| Sold | |||
| Mar 29, 2023 | Listed by The Firm Brokerage | $779,000 | |
| Listed by The Firm Brokerage | |||
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Stunning, near-new Mid-Century Modern home in Palm Desert features 6 bedrooms and 5.5 bathrooms great for groups and families. Master Bedroom is huge and has large walk-in closet. Attached Casita opens out to the pool (as does the Master). Completely renovated in 2018 with brand new stainless steel appliances and brightly colored accent walls. Five minture walk to El Paseo, mutliple bars and restaurants, as well as the local Farmers Market. Reach out today for a showing!
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About Palma Village Groves
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017