74210 Fairway Drive
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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.
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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 |
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| Sep 1, 2020 | Sold | ||
| Sold | |||
| Jul 15, 2020 | Listed by Anselmo Real Estate | $660,000 | |
| Listed by Anselmo Real Estate | |||
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Relax in this charming South Palm Desert home reminiscent of a European country villa. Originally built in 1947, the home was remodeled in 2006 while retaining 1940's character. From the large corner lot with beautiful landscaping, enter an Oasis. The house has several sets of French doors and windows that let in the light. There are three bedrooms with ensuite baths and an office with indoor laundry. Modern appliances combine with the charm of stone flooring, stone countertops and large stone island. This home has solid core doors throughout, trussed beams in the living room with an impressive fireplace, a lagoon-style shower in the master bath, a guest suite with full bath and a private entrance.The enchanting backyard has a Pebble finish pool and spa, an outdoor shower w/sink and toilet. There is a two car garage with a private drive and ample parking for guests.A great place to vacation-just a 5 minute walk to famous El Paseo with its shops & restaurants.
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| Jul 29, 2017 | Listed | $695,000 | |
| Listed | |||
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Refresh your spirit in this charmingly unique home reminiscent of a European country villa. Built in 1947, the home was entirely rebuilt in 2006+ while retaining 1940s character. Plumbing, electrical, pool systems approx.10 years old. From the large corner lot with romantic landscaping, enter a bygone world. Windows of true divided lights flood sunshine throughout the happy rooms. 3 lg bdms w/additional room suitable for office or 4th bdm. Stone flooring, stone island and countertops combine old-world style with modern appliances and function. Home offers solid core doors throughout; trussed beams in living room with impressive rock fireplace; 100% custom cabinetry and storage galore; lagoon-style shower in master bath; guest suite w/full bath & private entrance. The enchanting backyard has a pebbletec saline pool w/new pool equip and outdoor shower w/sink and loo. Lg fenced sideyard and extended backyard great play area for kids & pets. 2 car garage w/private drive & abundant parking. The manager has listed the unit size as 2100 square feet.
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About South Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017