78799 Palm Tree Avenue
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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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 2, 2026 | In contract | - | |
| In contract | |||
| Nov 29, 2025 | Listed by Equity Union | $399,999 | |
| Listed by Equity Union | |||
| Sep 2, 2017 | Listed | $269,000 | |
| Listed | |||
| | |||
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Look no further! This popular Lanai floor plan was built to 1,213 SF (est.) and every inch is stunning! The extended south facing rear patio with alumawood cover will be put to good use during perfect desert evenings. As you approach the home you will notice an upgraded stone facade & beautiful desert landscaping providing great curb appeal. Once inside, you will fall in love with the upgraded wood flooring and carpet. Extra care was taken in choosing the upgraded shutters, fixtures & hardware leaving a lasting impression with every turn. The kitchen has quality cabinets, stainless steel appliances and an inviting breakfast bar. The master suite has a large walk-in closet and dual sink vanity. There is also a separate guest bedroom and bathroom. The 2 garage has built-in storage. Perfect for either a full time home or seasonal desert retreat! The manager has listed the unit size as 1213 square feet.
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| Mar 19, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017