$40,000
●
Land -
Off Market
46600 Padua Circle
Indio, CA 92201
Studio
0 Bath
$72,287
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model
About This Property
Large lot in quiet residential neighborhood in Indio is ready and
waiting for you to build your new home. Each side of the lot has
existing block wall fences from the neighboring homes, the back of
the lot is fenced and backs up to empty lots. Use the existing
drive way and foundation to build a traditional home, or get
creative and consider a container home or joining the urban tiny
home trend and build something small, modern and efficient. Located
near Highway 111, the fair grounds, the famous date farms, polo
grounds, court house, restaurants, stores and so much more - this
lot is in an excellent location for your primary home, second home,
investment or rental income.
Unit Size
-
Days on Market
50 days
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2020
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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: 2 years ago (CRMLS #219010099DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Feb 17, 2021 | Sold | ||
| Sold | |||
| Jan 4, 2021 | Listed | $279,000 | |
| Listed | |||
| | |||
|
New Construction! Just One residences to be Build! 3 bedrooms 3 baths Single story home with 1563Sq/ft. granite slab counter top . NO HOA's, NO mello-ross The manager has listed the unit size as 1563 square feet.
| |||
| Apr 4, 2020 | Listed by Desert Sands Realty | $279,000 | |
| Listed by Desert Sands Realty | |||
| | |||
|
New Construction! Just One residences to be Build! 3 bedrooms 3 baths Single story home with 1563Sq/ft. granite slab counter top . NO HOA's, NO mello-ross
| |||
| Mar 10, 2020 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Indio
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Brandy Nelson, Windermere Homes & Estates
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219010099DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219010099DA
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