$405,000
●
House -
Off Market
77285 Michigan Drive
Palm Desert, CA 92211
3 Beds
2 Baths
1,330 Ft²
$2,071
Est. Monthly
$33
HOA / Fees
12.84%
Cap Rate
About This Property
The best priced property on the golf course inside the Palm Desert
Country Club ! Spectacular mountain - and golf course views will
await the new owner(s) of this freshly remodeled 3Br, 2 Ba home
plus bonus room and garden room. New appliances, including
refrigerator, dishwasher, microwave oven, range, washer and dryer,
as well as new flooring and fresh paint are some of the up-grades
this home has to offer. The mid-valley location is simply great in
more ways than one. In addition, enjoy many of the available
amenities, like , community pools, sports courts, and so much more.
An 18 hole golf course with double wide fairways is part of the
development and the clubhouse recently underwent a make-over. One
of the lowest HOA fees anywhere in the desert. See it today because
tomorrow may be too late !
Unit Size
1,330 Ft²
Days on Market
33 days
Land Size
0.13 acres
Price per sqft
$312
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: 2 years ago (CRMLS #219118118DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 13, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Listed by HPS Real Estate Investments | $414,900 | |
| Listed by HPS Real Estate Investments | |||
| | |||
|
The best priced property on the golf course inside the Palm Desert Country Club ! Spectacular mountain - and golf course views will await the new owner(s) of this freshly remodeled 3Br, 2 Ba home plus bonus room and garden room. New appliances, including refrigerator, dishwasher, microwave oven, range, washer and dryer, as well as new flooring and fresh paint are some of the up-grades this home has to offer. The mid-valley location is simply great in more ways than one. In addition, enjoy many of the available amenities, like , community pools, sports courts, and so much more. An 18 hole golf course with double wide fairways is part of the development and the clubhouse recently underwent a make-over. One of the lowest HOA fees anywhere in the desert. See it today because tomorrow may be too late !
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Palm Desert
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Listed by: Hannes Scherber, HPS Real Estate Investments
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219118118DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219118118DA
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