74515 Merle Drive
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 30, 2024 | Sold | ||
| Sold | |||
| Mar 23, 2024 | Listed by HomeSmart | $485,000 | |
| Listed by HomeSmart | |||
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Amazing opportunity to own this pride of ownership home in the heart of Palm Desert. This 3-bedroom 2.5 bath home has many desirable features, such as solar at $134 a month keep your utility costs low and newer Elastomeric roof. Boasting timeless appeal and modern amenities, this meticulously maintained property offers a perfect blend of comfort and style. As you step inside, you'll be greeted by an inviting living space filled with natural light and adorned with mid-century ranch charm. The open floor plan seamlessly connects the living area to the dining room and kitchen, creating an ideal space for entertaining guests or enjoying family gatherings. The master suite is a tranquil retreat, offering a spacious layout, plush carpeting, and a private en-suite bathroom. Two additional bedrooms provide comfortable accommodations for family members or guests, while a full bathroom and powder room ensure convenience for all. Outside, you'll find a private oasis surrounded by lush landscaping and mature trees. The expansive backyard offers ample space for outdoor living and entertaining, with a covered patio, barbecue area, and a private entrance to the sparkling community pool provides the perfect backdrop for warm desert evenings. Located in a desirable neighborhood, this home offers easy access to shopping, dining, golf, and other amenities. Whether you're seeking a permanent residence or a vacation retreat, this mid-century ranch home offers the perfect Palm Desert lifestyle.
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| Jun 11, 2023 | No longer available | - | |
| No longer available | |||
| May 19, 2023 | Listed by Radius Agent | $425,000 | |
| Listed by Radius Agent | |||
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Corner House with Mountain View! Welcome to this charming corner house, offering a comfortable lifestyle in a serene setting. Start your mornings by enjoying a cup of coffee on the patio while soaking in the breathtaking mountain view. Step inside and discover a flowing floor plan that effortlessly accommodates your daily living. The galley kitchen provides functionality and convenience, allowing for easy meal preparation and entertaining. Imagine living in a quiet neighborhood where you can relax and unwind. The community pool is just steps away, offering a refreshing oasis to enjoy on warm days.With quick access to local shops and the freeway, you'll appreciate the convenience and ease of reaching your desired destinations.Don't miss out on the chance to own this delightful corner house with mountain views. Schedule a visit today and experience the tranquility and convenience of this remarkable home! The manager has listed the unit size as 1605 square feet.
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| Nov 4, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017