935 Mesa Grande Drive
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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 |
|---|---|---|---|
| Sep 11, 2024 | Listed by Equity Union | $2,050,000 | |
| Listed by Equity Union | |||
| | |||
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Sold before MLS! Only a handful of south-facing Ocotillo 1's exist in Indian Ridge. The popular floor plan with master on the view side, also has an expanded guest bedroom which can be turned into a two-room casita. A large south-facing patio with added pavers and beautiful landscaping showcase the Santa Rosa Mountains. You will also enjoy the beautiful stream running along the fairway of the 9th hole on the Arroyo course.
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| Jan 6, 2021 | Sold | ||
| Sold | |||
| Jun 1, 2020 | Listed by Bennion Deville Homes | $999,000 | |
| Listed by Bennion Deville Homes | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017