87942 Airport Blvd
About This Property
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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 |
|---|---|---|---|
| Oct 8, 2024 | Relisted | $4,983,264 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Jan 12, 2024 | Listed | $4,983,264 | |
| Listed | |||
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Key location at immediate offramp of Expressway 86 & Airport Blvd. Just south of Interstate 10. Expressway 86 is a key corridor for trade to Mexico. Just east of Jacqueline Cochran International Airport. Near Thermal Motorsports Racetrack, home to the $1 million Indy Car Challenge. Located at the Offramp to Desert International Horse Park, host to one of the largest equestrian facilities in North America offering world-class competition for nearly 5 months from October through March. In the sphere of influence of the City of Coachella, one of the fastest growing cities in Riverside County. In the Opportunity Zone provides potential tax incentives. 46,900 cars per day.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017