$515,000
●
House -
Off Market
84422 Scarlet Way
Coachella, CA 92236
4 Beds
3 Baths,
1
Half Bath
2,532 Ft²
$2,455
Est. Monthly
About This Property
Welcome to the Somerset community with no monthly HOA, located
across from the Augustine Casino. This charming home offers
over 2,500 S.F. with 4 bedrooms and 3 bathrooms and plenty of
room to roam. The flexible floor plan features a formal living
room, formal dining room, and family room off of the kitchen. There
is one bedroom downstairs with all other bedrooms upstairs. The
loft area upstairs would be great for an office or mini
entertaining area. Spacious laundry room. The primary bedroom is
nicely-sized and the primary bathroom has a large closet, separate
shower stall, and soaking tub. The backyard is ready for your
imagination with a lot of great space to design your dream outdoor
paradise. Freshly-painted inside and ready to go, and do not forget
the lower utility district for discounted electric bills. Don't let
this one get away!
Unit Size
2,532 Ft²
Days on Market
49 days
Land Size
0.16 acres
Price per sqft
$197
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2005
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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 #219103475DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2024 | Sold | ||
| Sold | |||
| Nov 29, 2023 | Listed by Windermere Real Estate | $499,900 | |
| Listed by Windermere Real Estate | |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Coachella
Similar Homes for Sale
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Listed by: Jolie Leydekkers, Windermere Real Estate
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219103475DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219103475DA
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