85 Verde Way
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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 |
|---|---|---|---|
| Jan 22, 2020 | Sold | ||
| Sold | |||
| Oct 6, 2019 | Listed by Bennion Deville Homes | $295,000 | |
| Listed by Bennion Deville Homes | |||
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PRIVACY | MOUNTAIN VIEWS | UPDATED Lovely bright & open home on a corner lot, in a great location away from busy streets with views of the Desert Springs Marriott Golf Course directly across the street. Spacious wrap-around patio with desert plantings is perfect for entertaining and watching the beautiful desert sunsets. Updated kitchen with breakfast bar includes: Silestone counter tops with complementary backsplash, wood cabinetry, high-end appliances, 5-burner gas range, 2-drawer Sub-Zero refrigerator, counter-top ice maker, insta-hot water & large pantry. The Master suite includes custom walk-in shower, walk-in closet and tile flooring. The Guest suite is nicely separated from the Master with full bath and tile flooring. Both bedroom suites include updated water saver toilets and have direct access to the patios. Tastefully decorated with neutral color palette, high ceilings with lots of windows, fireplace, ceiling fans, tile & carpet flooring. Double-car garage includes A/C, lots of storage, bump-out window for plants and/or display, and side-by-side refrigerator/freezer. Tastefully turnkey furnished per inventory.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017