Listed by: Jose Espinoza, OZA Realty
$518,000
●
House -
Off Market
77105 Michigan Drive
Palm Desert, CA 92211
2 Beds
2 Baths
1,360 Ft²
$2,488
Est. Monthly
$33
HOA / Fees
8.08%
Cap Rate
About This Property
Discover your dream home in the heart of Palm Desert, nestled along
the picturesque golf course. This stunning two-bedroom,
two-bathroom residence has been meticulously remodeled to offer
contemporary living at its finest. Step inside to find all-new
flooring throughout, enhancing the modern design. The kitchen, a
true centerpiece, features a beautiful center island with quartz
countertops, perfect for culinary enthusiasts and entertaining
guests. The addition of a fireplace adds a cozy focal point to the
living space. The outdoor area is equally impressive with a
recently replastered pebble tech pool, ideal for relaxation and
entertaining. The property has also been re-stuccoed, and new
sliders have been installed alongside newer dual-pane windows,
ensuring energy efficiency and a sleek aesthetic. This property is
a must-see and is set to become a flagship home in the community.
Act fast--this gem won't last long!
Unit Size
1,360 Ft²
Days on Market
44 days
Land Size
0.14 acres
Price per sqft
$368
Property Type
House
Property Taxes
-
HOA Dues
$33
Year Built
1961
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (CRMLS #219113588DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Jun 29, 2024 | Listed by OZA Realty | $499,900 | |
| Listed by OZA Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Palm Desert
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Listed by: Jose Espinoza, OZA Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219113588DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219113588DA
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