78529 Platinum 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.
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 10, 2022 | Sold | ||
| Sold | |||
| Jun 3, 2022 | Listed by Windermere Homes & Estates | $658,368 | |
| Listed by Windermere Homes & Estates | |||
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Welcome to Sun City, an active adult community located in Palm Desert. Single Story St. Croix model with the 3 beds and 3 baths version for this floor plan. Kitchen with Corian counters, stainless-steel fridge, lots of counter-space cabinets, center island, breakfast nook and breakfast bar. Formal dining area in the great room with sliders leading to the backyard. Plantation Shutters, ceiling fans and tile flooring throughout the home. Whole House air filter system. Master Suite with large sitting area and access to the backyard, Master bath with dual vanities, walk-in shower, walk-in closet with built ins. 2nd master with an automatic Murphy Bed and private bath. Enter your premium sized, vacation style south facing backyard with large pebble-tec pool/spa with large rock waterfall feature, aluminum wood patio cover and mountain views! Extra space on the side of the home to create additional entertaining space. 2 Car plus golf cart garage. Gated front courtyard with patio. Low maintenance front/rear landscaping and the home comes equipped with an alarm system. 55+ active guard gated community offers two 18-hole Golf Courses, 3 clubhouses, tennis, bocce ball, pickle ball, fitness center, restaurants, outdoor pool and spas and even has its own Post Office.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 23, 2020 | In contract | - | |
| In contract | |||
| Apr 7, 2020 | Listed | $399,000 | |
| Listed | |||
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St. Croix model with 3 beds and 3 baths version for this floorplan. Kitchen with Corian counters, stainless-steel fridge, lots of counterspace cabinets, center island, breakfast nook and breakfast bar. Formal dining area in the great room with sliders leading to the backyard. Plantation Shutters, ceiling fans and tile flooring throughout the home. Whole House air filter system. Master Suite with large sitting area and access to the backyard, Master bath with dual vanities, walk-in shower, walk-in closet with built ins. 2nd master with an automatic Murphy Bed and private bath. Enter your vacation style'' south facing backyard with large pebble-tec pool/spa, aluminum wood patio mountain views! 2 Car plus golf cart garage. Gated front courtyard. Low maintenance front/rear landscaping and the home comes equipped with an alarm system. 55+ active guard gated community offers 2 18-hole Golf Courses and 3 clubhouses. The manager has listed the unit size as 2032 square feet.
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About Desert Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017