78697 Cimmaron Canyon
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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 |
|---|---|---|---|
| Jul 22, 2020 | Sold | ||
| Sold | |||
| Jun 12, 2020 | Listed by HK Lane Real Estate | $352,000 | |
| Listed by HK Lane Real Estate | |||
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Don't miss out on this beautiful Montego Model in Sun City Palm Desert. This bright and cheery 2 bedroom / 2 bath also boasts a den, which makes a perfect home office or third bedroom. Lots of upgrades such as plantation shutters throughout, beautiful ceramic tile in common areas, wood flooring in the bedrooms, and an extended 2 car garage with room for your golf cart! The spacious master suite offers a gorgeous custom walk in closet. Sun City Palm Desert is a highly sought after active 55 + community with many amenities including guard gated access, 2 championship golf courses, 9 tennis courts, various dinning options, 3 clubhouses, dog park, and community pool and spas.
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| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| May 22, 2018 | Sold | ||
| Sold | |||
| May 16, 2018 | Listed | $359,000 | |
| Listed | |||
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The Montego model is hugely popular because it is an open concept and the master and guest quarters are on separate sides of the house. Squeaky clean low maintenance and perfectly sized, this home is a real gem. The open inviting kitchen has a convenient recipe desk in the extended kitchenette area. The large master bedroom has a view of the nice relaxing back yard. The bright guest bedroom and den are both good sized and share a full bathroom. There are plantation shutters throughout. Real hardwood floors and tile throughout. Laundry is inside. The golf cart is available outside of escrow. The manager has listed the unit size as 1858 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