Are you looking for quaint, private and move-in ready? You will
find all 3 at ICON. This new modern community combines Palm Springs
style with today's home elements. ICON is private-gated community
with mountain views on fee land. We include what others don't:
Solar, private pool & spa, outdoor shower, security system,
polished concrete floors, 3 decks at each home, kitchen islands
with waterfall detail. The Indigo home is approx. 1738 sq. ft. and
features two master suites, each with a private-covered deck, and a
downstairs office/den. Interiors are impressive with 8' doors,
smooth drywall finish, security system, polished concrete flooring
on the 1st floor, sleek kitchens displaying Bosch appliances,
contemporary flat panel cabinets, large single basin stainless
steel sink with Grohe high arch faucet and kitchen island with bar
seating. For energy efficiency each home includes R-38 roof and
R-21 wall insulation, radiant roof barrier, and high efficiency 14
SEER rated A/C system.
Unit Size
1,738 Ft²
Days on Market
62 days
Land Size
0.06 acres
Price per sqft
$339
Property Type
Condo
Property Taxes
-
HOA Dues
$211
Year Built
-
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Cap Rate Calculator
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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.
Parking Features: Direct Access, Garage, Garage Door Opener
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 3
Levels: Two
Interior Features: Breakfast Bar, Separate Formal Dining Room, High Ceilings, Open Floorplan, Recessed Lighting, Storage, Multiple Primary Suites, Walk In Pantry, Walk In Closets
Appliances: Convection Oven, Dishwasher, Gas Cooking, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Self Cleaning Oven, Tankless Water Heater, Water To Refrigerator
Flooring Type: Carpet, Concrete, Tile
Laundry Features: Laundry Room
Exterior Details
Year Built: 2019
Parcel Number: 219042413
Home Type: Residential
Architectural Style: Modern
Builder Name: Far West Industries
Foundation Details: Slab
Construction Materials: Stucco
Spa Features: In Ground, Private
Private Pool
Pool Features: Electric Heat, In Ground
Lot Information: Drip Irrigation Bubblers, Planned Unit Development, Sprinklers Timer, Sprinkler System
Lot Size Source: Builder
Lot Size Acres: 0.0574
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Natural Gas
Utilities: Cable Available
Location Details
Association Amenities: Trash
Association Fee: $211
Association Fee Frequency: Monthly
Community Features: Gated
Security Features: Fire Detection System, Fire Sprinkler System, Gated Community, Smoke Detectors
High School District: Palm Springs Unified
Directions: From 10 fwy. East merge onto CA-111 (turns into Palm Canyon); turn left on Alvarado Road;Located on the southeast corner of Palm Canyon and Alvarado Road; just north of Racquet Club Cross Street: Palm Canyon.
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