78246 Melody Lane
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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 |
|---|---|---|---|
| Mar 10, 2020 | No longer available | - | |
| No longer available | |||
| Feb 25, 2020 | Sold | ||
| Sold | |||
| Jan 3, 2020 | Listed | $349,000 | |
| Listed | |||
| | |||
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Sun City Palm Desert Cal St. Croix Model, 2 bdrm, 2 bath, den and 2nd office. Large front gated courtyard gives you morning sun and manicured back yard gives you evening sun. Formal entry into a massive great room with expansive dining area, with wall to wall custom built in entertainment cabinet. Double entrance leads to spacious den. The kitchen has a chef's island, upgraded corian counters, pantry and entertaining counter. Enjoy the charming spacious bay window breakfast nook. The master bdrm is spacious with built in TV stand bookshelves and dresser. Master bath has double cultured marble sinks, large walk in shower and fabulous custom walk in closet. Your guests will be comfortable in the guest room with adjacent guest bath separated from the master suite for privacy. Large utility room. Spacious office right off of garage with built in custom cabinets. Double garage has golf cart storage with cabinets. Easily maintained back yard, has spacious cement entertaining area with raised brick seat planter. Home has beveled tile floors, newer AC, hot water tank and carpet throughout the house. The manager has listed the unit size as 2032 square feet.
| |||
| Dec 15, 2019 | Listed by Sun City Realty | $349,000 | |
| Listed by Sun City Realty | |||
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About Desert Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017