$349,000
●
House -
Off Market
40841 Singing Hills Drive
Indio, CA 92203
3 Beds
2 Baths
1,379 Ft²
$449,344
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model
About This Property
Charming 3 bedroom 2 bath pool home located in desirable Shadow
Hills Community. Enjoy the spacious, open-concept floor plan, great
for entertaining. The great room features, crown molding,
large windows, and a slider with views of the backyard. The kitchen
has granite countertops, a large island/breakfast bar, and a
sizeable dining area. Come and enjoy your own private saltwater
pool and spa and gas fire pit, from your newer fully covered
alumawood patio which has ample room for additional
entertaining/sitting area. This home also includes an
extended-paved RV parking, block wall, and a grassy area. Shadow
Hills is close to shopping centers, restaurants, freeway entrance,
and Indio Municipal Golf Course. This is a must-see!
Unit Size
1,379 Ft²
Days on Market
41 days
Land Size
0.16 acres
Price per sqft
$246
Property Type
House
Property Taxes
-
HOA Dues
$92
Year Built
2005
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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: 3 years ago (CRMLS #219051448DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 25, 2020 | Sold | ||
| Sold | |||
| Oct 15, 2020 | Listed by New Era Real Estate | $339,000 | |
| Listed by New Era Real Estate | |||
Property Highlights
Air Conditioning
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Indio
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Listed by: Rosemary Lopez, New Era Real Estate
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219051448DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219051448DA
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