814 Summit 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.
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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 |
|---|---|---|---|
| Sep 7, 2022 | No longer available | - | |
| No longer available | |||
| Jun 20, 2022 | Listed by WINDERMERE R.E. TOWER PROP. | $725,000 | |
| Listed by WINDERMERE R.E. TOWER PROP. | |||
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Beautiful single family home, one story, as you enter the City of Palm Springs located in the gated community of Mountain Gate. It is located close to the Palm Springs tram and is very short walking distance to the community pool. Home features 3 bedrooms & 2 full baths with a very open floor plan in living spaces. You will be amazed by the 10 larger solar tubes in the home that light it up & give it a very airy feeling while keeping your electrical costs down. It features a security front door & a fire extinguishing system throughout the house. Water heater & pan are new. Home also includes a large fire rated safe, window coverings, & all grout has been professionally cleaned. Large kitchen has granite counters with nice area for a dining table & is open to living room. The laundry room is inside, with storage & sink & opens to the fan cooled 2 car garage. The fan pushes the hot air out from inside the garage to keep it a lot cooler at all times. Front & back yards are amazing. Professionally landscaped front & backyards are very water wise & are comfortable. The home has water drip system in front & back that comply with desert guidelines. Professional landscape lights fill the back yard. Back patio is covered and there is a great breeze that adds to the feel. There is a working firepit & storage shed off to the side for gardening tools etc. This community is very secluded & gives you a great feel. Home is being sold as furnished with small exceptions of personal items. Please come to visit...you will not be disappointed. The manager has listed the unit size as 1835 square feet.
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| Mar 31, 2020 | Sold | ||
| Sold | |||
| Jan 20, 2020 | Listed by Coldwell Banker Realty | $399,000 | |
| Listed by Coldwell Banker Realty | |||
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This is a 3 bedroom, 2 bathroom home built in 2005. Large owner's bedroom suite with backyard access and view of the windmills for nice evening tranquility and away from the other bedrooms. It has ample walk-in closet space and spacious bathroom. The additional bedrooms are nicely sized. Open concept kitchen and living area with plenty of cabinetry, tile floors, plenty of light and plenty of storage areas. The large backyard has a covered patio with desert landscape and view. The front yard is nicely dressed with the desert landscape. The two car attached garage has plenty of storage space. This gated community has a community pool and spa, play area, tennis courts and made up of 537 homes that range in floor-plan and size. The homeowner dues are $100 monthly and located on Fee Simple (land that you own with no lease payment).
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About Mountain Gate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017