$515,000
●
House -
Off Market
40576 Morris Street
Indio, CA 92203
4 Beds
3 Baths
2,517 Ft²
$600,832
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model
About This Property
Beautiful Pool and Spa in a gated community 4Bd 3Ba, the 4th
bedroom could also be considered a casita because it has its own
bathroom and outside access. It has two huge master bedrooms, and
an open living/family room with high ceilings. The kitchen has
granite countertops with an island. Desert landscaping for low
maintenance in front and backyard. Spacious side for RV parking.
Low HOA , shopping within walking distance, and 10 freeway in close
proximity. ***Accepting Backup Offers***
Unit Size
2,517 Ft²
Days on Market
65 days
Land Size
0.20 acres
Price per sqft
$209
Property Type
House
Property Taxes
-
HOA Dues
$95
Year Built
2004
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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 #219063767DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2021 | Sold | ||
| Sold | |||
| Jun 18, 2021 | Listed by Fathom Realty Group Inc. | $525,000 | |
| Listed by Fathom Realty Group Inc. | |||
| | |||
|
Beautiful Pool and Spa in a gated community 4Bd 3Ba, the 4th bedroom could also be considered a casita because it has its own bathroom and outside access. It has two huge master bedrooms, and an open living/family room with high ceilings. The kitchen has granite countertops with an island. Desert landscaping for low maintenance in front and backyard. Spacious side for RV parking. Low HOA , shopping within walking distance, and 10 freeway in close proximity. ***Accepting Backup Offers***
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
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 Indio
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Currently no similar homes aroundNearby Rentals
Listed by: Cleo Vazquez, Fathom Realty Group Inc.
Last Updated: 12 months ago
Data Source: CRMLS, MLS# 219063767DA
Last Updated: 12 months ago
Data Source: CRMLS, MLS# 219063767DA
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