74639 Driftwood 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 |
|---|---|---|---|
| Nov 18, 2023 | No longer available | - | |
| No longer available | |||
| Aug 23, 2023 | In contract | - | |
| In contract | |||
| Aug 16, 2023 | No longer available | - | |
| No longer available | |||
| Aug 11, 2023 | Listed by Keller Williams Realty - La Quinta | $470,000 | |
| Listed by Keller Williams Realty - La Quinta | |||
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Welcome to 74639 Driftwood Drive, a mid-century home with personalized charm in the heart of South Palm Desert! Discover this gem that blends traditional aesthetics with potential-filled spaces, offering an exclusive find at a fantastic value.Step into the open-concept floorplan of this mid-century home, where natural light fills every corner. The living room features a classic mid-century fireplace, giving it timeless charm, while fresh new paint enhances the home inside and out.Indulge your culinary passion in the well-appointed kitchen, equipped with stainless steel appliances and slab granite countertops, making it a cooks delight. The property features three spacious bedrooms, along with two bathrooms, offering a tranquil oasis to accommodate a growing family or overnight guests.Step outdoors and immerse yourself in the spacious private backyard, a blank canvas awaiting your creative touch. Whether you envision a private pool, garden or hammock for lazy evenings, let your imagination soar. An added bonus is a space on the side of the home, ready to host your RV or trailer.Located in South Palm Desert, this home provides a winning edge with its proximity to El Paseo's attractions, spectacular dining spots, shopping centers, and top-rated schools. Witness the magic of this splendid home, a canvas calling you to make it your own. Call now for a private showing. Home is being offered unfurnished as it is virtually staged. Buyer to assume solar lease. The manager has listed the unit size as 1605 square feet.
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| Dec 3, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017