$770,000
●
House -
Off Market
43840 Salpare Place
Indio, CA 92203
4 Beds
3 Baths
2,803 Ft²
$4,204
Est. Monthly
$300
HOA / Fees
7.94%
Cap Rate
About This Property
Calling all investors! Discover a prime short-term rental
opportunity with this stunning 4-bedroom, 3-bathroom home, spanning
2,803 sq ft of luxurious living space. This property features a
pristine saltwater pool and spa, ambient outdoor lighting, and a
backyard misting system, ensuring a refreshing and relaxing
experience for guests. The open floor plan includes a chef's
kitchen with high-end appliances and elegant tiled walkways
throughout. With a 3-car garage, additional 2-bar garage, and a
large driveway, there's ample parking for all. Guests will be
captivated by the breathtaking mountain views and prime location
offering unmatched privacy, with no rear or adjacent neighbors. The
home is conveniently located right across from the park. Approved
for short-term rentals, this home offers significant rental income
potential. Don't miss this opportunity to invest in a property that
combines luxury and profitability. Contact us today to schedule a
private tour and elevate your investment portfolio with this
exceptional home.
Unit Size
2,803 Ft²
Days on Market
53 days
Land Size
0.20 acres
Price per sqft
$284
Property Type
House
Property Taxes
-
HOA Dues
$300
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 #219113097DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Jun 17, 2024 | Listed by HomeSmart | $795,000 | |
| Listed by HomeSmart | |||
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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Listed by: Angela Maciel-Gibbons, HomeSmart
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219113097DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219113097DA
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