$950,000
●
House -
Off Market
42785 Ponte Court
Indio, CA 92203
4 Beds
4 Baths,
1
Half Bath
2,474 Ft²
$1,022,062
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model
About This Property
SELLER MOTIVATED! SHORT-TERM RENTAL OPPORTUNITY available for you
at Terra Lago! This sought-out location is desirable to many
vacationers for its golf course, catch and release fishing lake,
nearby trails, and close proximity to music festivals Stagecoach
and Coachella. The property offers four bedrooms and three
bathrooms in the main home with the casita offering a large room
with bathroom perfect for a game room. The saltwater pool was built
in 2017 and includes a sleek pebble-tech finish. Income generating
or permanent residence, this home fits the mold. LOW HOA includes,
premium cable, gated security, Internet, beautiful grounds and
fitness center.
Unit Size
2,474 Ft²
Days on Market
83 days
Land Size
0.16 acres
Price per sqft
$404
Property Type
House
Property Taxes
-
HOA Dues
$285
Year Built
2010
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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 #219076935PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2023 | No longer available | - | |
| No longer available | |||
| May 18, 2023 | In contract | - | |
| In contract | |||
| May 10, 2023 | Listed by Keller Williams Realty | $899,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
A PERFECT FIT! Turnkey Furnished + Short Term Rental friendly! This 2-story 2,474 SF traditional is styled-up beautifully. 4BD, 3.5BA+ detached casita is located behind the guard-gated walls of Terra Lago near Golf Center Parkway. Poolside bliss works its MAGIC. An expansive loggia runs the back of the home. Conversation area w/ firepit. Pebble-finished pool + spa w/ spillway. Natural light is a theme inside. Formal living w/ fireplace. Often considered the heart and soul of the home, the island-centric kitchen delivers ever so nicely. Large walk-in pantry and adjacent laundry room. First-floor bedroom with full bath and direct access to the side yard. This home's handsome staircase is a defining moment. Three bedrooms upstairs. En suite primary with a veranda, oversized walk-in closet, dual vanities, separate tub + shower. Guest bedrooms #3 and #4 share a bath. The detached casita with pull-out sofa features a half bath. It could be enjoyed as a media room, office, or workout space. Low HOA fees include premium cable TV, guard-gated security, and fitness center. The Golf Club at Terra Lago consists of 36 challenging holes with dramatic elevation changes. Badlands Trail is popular nearby hiking. Stagecoach and Coachella festivals are a short hop away. The manager has listed the unit size as 2474 square feet.
| |||
| Jul 5, 2022 | Sold | ||
| Sold | |||
| Apr 9, 2022 | Listed by Keller Williams Luxury Homes | $999,000 | |
| Listed by Keller Williams Luxury Homes | |||
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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Status
Status
Type
Beds
Baths
ft²
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Listed On
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Sold On
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HOA + Taxes
About Indio
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Listed by: Brady Sandahl, Keller Williams Luxury Homes
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219076935PS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219076935PS
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