77897 Desert Drive
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2021 | Sold | ||
| Sold | |||
| Jun 20, 2021 | Listed by Bennion Deville Homes | $1,099,000 | |
| Listed by Bennion Deville Homes | |||
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Now Offered Turn Key Furnished! Located behind the gates in the exclusive enclave of homes known as Hidden Canyon, this immaculate and well appointed Ridge View 3 plan will impress the most discerning buyer. The south facing rear yard has an outdoor kitchen, sparkling pool and spa, plenty of sun, and great mountain views! The split floor plan has the primary suite on the other side of the home, to ensure privacy. It boasts a large walk in closet, dual vanities, a soaking tub, and access to the out doors. The bright and open floor plan is an ideal gathering spot. The gourmet kitchen offers a Sub Zero fridge, and GE Monogram stainless appliances. The butlers pantry has a built in wine cooler, and is adjacent to the dining room. Two guest rooms share a Jack & Jill bath while the 3rd guest room is en suite! Hidden Canyon is a quaint and distinctive enclave of custom appointed homes ideally located in South La Quinta close to the world famous La Quinta Resort, Old Town La Quinta, hiking and biking trails and so much more! This is truly the lifestyle you deserve...
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| Jun 26, 2020 | Sold | ||
| Sold | |||
| Nov 29, 2019 | Listed by Keller Williams Luxury Homes | $810,000 | |
| Listed by Keller Williams Luxury Homes | |||
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Welcome home to Hidden Canyon, a newer, gated community in La Quinta. This highly upgraded, impeccable home, with up-close views of the mountains, is sure to impress your friends & family. The gorgeous interior starts with custom inlaid flooring in the entry, which leads directly into the living room with handsome built-ins, fireplace, & custom, high-end carpet. The living room with surround sound opens up to the chef's kitchen, bar with wine fridge, dining areas with stainless appliances, granite countertops, & plenty of storage. You will enjoy the views of the entertainer's backyard from every room with walls of glass framed by plantation shutters. Continue on to the formal dining room, office, spacious master suite, office, & three guest rooms which are just the right size. Head on out to the pool with tanning shelf & spa & entertain the whole gang. With a built-in BBQ and seating area, firing up the grill and enjoying a libation is a breeze. The 3-car garage has storage & epoxy flooring. All of this & low HOA's to boot. Close to shopping, dining, world-class golf, tennis, hiking, biking, theaters, and all that the desert has to offer. Walking distance to the La Quinta Resort.
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| May 30, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017