Listed by: Joyce Abela, Berkshire Hathaway HomeService
$250,000
●
House -
Off Market
78295 Desert Fall Way
La Quinta, CA 92253
3 Beds
2 Baths
1,375 Ft²
$432,684
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model
About This Property
Follow The Yellow Brick Road ... to Restaurants, Shopping, Golf,
Tennis, Music Festivals, Art Shows, Polo, Schools, Dog Shows and
yes, even a dog park! There's NO place like having your home be in
the center of all these activities within your very own community.
3Bd/2Ba - 1,375sf - 2 Car Garage Stay Full Time Play Part Time -
Enjoy Seasonal Income Leasing!
Unit Size
1,375 Ft²
Days on Market
73 days
Land Size
0.11 acres
Price per sqft
$185
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1999
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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: 3 years ago (CRMLS #216010278DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 1, 2024 | No longer available | - | |
| No longer available | |||
| Feb 27, 2024 | In contract | - | |
| In contract | |||
| Jan 23, 2024 | Price Decreased |
$474,000
↓ $15K
(3.1%) | |
| Price Decreased | |||
| Nov 17, 2023 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Oct 13, 2023 | Listed by HomeSmart Professionals | $499,000 | |
| Listed by HomeSmart Professionals | |||
| | |||
|
This is a hidden gem within the popular 'Old Town La Quinta' area! Located in a small enclave of homes adjacent to a dog park and playground, this is walking distance to the La Quinta Library, restaurants, and more. This 3-bedroom property has been recently updated, includes all appliances, and has no HOA dues or pool maintenance...making it an ideal long-term rental or first-time buyer friendly. Do not wait, properties in this area rarely hit the market. The manager has listed the unit size as 1375 square feet.
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Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Joyce Abela, Berkshire Hathaway HomeService
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 216010278DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 216010278DA
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