77265 Michigan 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%.
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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.
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 |
|---|---|---|---|
| Mar 28, 2024 | Sold | ||
| Sold | |||
| Jan 23, 2024 | Listed by Bennion Deville Homes | $599,000 | |
| Listed by Bennion Deville Homes | |||
| Apr 7, 2022 | Sold | ||
| Sold | |||
| Mar 11, 2022 | Listed by Desert Elite Properties, Inc. | $520,000 | |
| Listed by Desert Elite Properties, Inc. | |||
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Spectacular Mountain and Golf Course views from this Palm Desert Country Club home! Featuring 3 Bedrooms & 2 Bathrooms with Pool and Spa. As soon as you open the front door you are welcomed by the lovely tile flooring throughout the main living area and kitchen in this open concept home. You can't help but be drawn outside with gorgeous expansive views of the Santa Rosa mountains. But that's not all.. while sitting under your covered patio or enjoying your sparkling pool and spa you can be entertained by the golfers near the 2nd Hole and end your day with beautiful sunset views. This home has updated features that you don't want to miss. Whether you are looking for a primary residence or a vacation home this property represents relaxed desert living. . Enjoy the community amenities with a Low Annual HOA, Community Pool and Spa, Dog Park, Playground, Basketball and Volleyball Court. Palm Desert Country Club is a Public 18 Hole course with a Clubhouse and Restaurant all within your community. Centrally located to shopping, restaurants and desert attractions.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017