Listed by: Lauren Malo Casado, Compass
$395,000
●
House -
Off Market
77205 Michigan Drive
Palm Desert, CA 92211
2 Beds
2 Baths
1,100 Ft²
$444,356
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
Darling upgraded home located in Palm Desert Country Club. This 2
bed 2 bath home is perfect for a full time resident or seasonal
rental. This home features an attached one car garage, misters,
quartz countertops and much more! Enjoy beautiful south facing
fairway views from the backyard. Home comes with an above ground
private hot tub, perfect for enjoying the beautiful desert nights.
Incredibly low one time HOA fee. The community has a public golf
course, 2 pools and a spa, dog park, club house with a restaurant
and bar and lots more! Located just a short distance from the
famous Indian Wells Tennis Garden, shopping, fabulous restaurants,
grocery stores and easy freeway access, this home is situated at a
focal point in the Coachella Valley.
Unit Size
1,100 Ft²
Days on Market
65 days
Land Size
0.14 acres
Price per sqft
$362
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 #219067451DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2021 | Sold | ||
| Sold | |||
| Sep 11, 2021 | Listed by Compass | $398,500 | |
| Listed by Compass | |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Palm Desert
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Listed by: Lauren Malo Casado, Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219067451DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219067451DA
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