$310,000
●
House -
Off Market
85688 Michelle Drive
Coachella, CA 92236
4 Beds
2 Baths
1,314 Ft²
$395,217
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Move in Ready.Proud ownership in the heart of coachella, open floor
plan to make your family and friends gatherings a unique
experience. Close to the freeway and Markets. and not to mention a
6 month old A/C unit.
Unit Size
1,314 Ft²
Days on Market
43 days
Land Size
0.16 acres
Price per sqft
$247
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2008
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Cap Rate Calculator
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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: 12 months ago (CRMLS #219058968DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2021 | Sold | ||
| Sold | |||
| Mar 18, 2021 | No longer available | - | |
| No longer available | |||
| Mar 17, 2021 | Listed by RE/MAX Consultants | $324,995 | |
| Listed by RE/MAX Consultants | |||
| | |||
|
Move in Ready.Proud ownership in the heart of coachella, open floor plan to make your family and friends gatherings a unique experience. Close to the freeway and Markets. and not to mention a 6 month old A/C unit.
| |||
| Mar 14, 2021 | Price Decreased |
$324,995
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Jan 23, 2021 | Listed | $329,950 | |
| Listed | |||
| | |||
|
Proud ownership in the heart of coachella, open floor plan to make your family and friends gatherings a unique experience. Close to the freeway and Markets. and not to mention a 6 month old A/C unit. The manager has listed the unit size as 1314 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
Price/ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Coachella
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Luis Garcia Carmona, RE/MAX Consultants
Last Updated: 12 months ago
Data Source: CRMLS, MLS# 219058968DA
Last Updated: 12 months ago
Data Source: CRMLS, MLS# 219058968DA
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