77533 Michigan Drive
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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.
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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 |
|---|---|---|---|
| Feb 16, 2024 | Sold | ||
| Sold | |||
| Jan 6, 2024 | Listed by Reason Real Estate | $625,000 | |
| Listed by Reason Real Estate | |||
| Dec 25, 2021 | No longer available | - | |
| No longer available | |||
| Dec 3, 2021 | In contract | - | |
| In contract | |||
| Dec 1, 2021 | Listed by Pacific Sotheby's International Realty | $518,000 | |
| Listed by Pacific Sotheby's International Realty | |||
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Fabulous three bedroom home with a luxurious pool and spa and south facing mountain views situated on a golf course! This would be a great full time, vacation home, or investment property. Located in the desirable community of Palm Desert Country Club, this beautiful home features over 1700 square feet of living space. The floor plan is great for entertaining. The kitchen is open to the dining area which has a charming bay of windows and access to the back patio. The spacious living room with cozy fireplace has sliders that take you out to the incredible outdoor entertaining area. Outside, there is a large pool and spa that overlooks the golf course and stunning south facing mountain views. There is a covered dining area and the primary bedroom has its own private outdoor seating area. One bedroom has been converted into a TV/den area. The sliders and windows throughout the home offer plenty of natural light. The home is energy efficient with split AC units throughout the home enabling more control. The garage is the perfect man cave and boasts its own split AC, TV, and work area. The manager has listed the unit size as 1710 square feet.
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About Palm Desert
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$6,700 /mo
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$6,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017