$439,000
●
House -
Off Market
48330 Panorama Avenue
Indio, CA 92201
3 Beds
3 Baths
2,085 Ft²
$490,520
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
If there is only one downside to this property, it is that you have
to be 55 or better to own. Original owners have relocated and home
is ready for it's second owner. 3 Bedrooms and 3 Baths with a
simple wall between Master Suite and possible 4th Bedroom with
closet that has been opened to create a den/sitting area. Fantastic
floor plan with formal dining and living areas plus Great room area
with Kitchen and family room with fireplace. Cozy enclosed lush
rear yard with alumawood patio cover. RV Parking at side of home
with attached 2 car garage. Although home is original , it is
spotless and move in ready. New roof installed this year and
freshly painted. Extremely low HOA dues of only $107/month for this
gated home located in the City of Festivals.
Unit Size
2,085 Ft²
Days on Market
45 days
Land Size
0.20 acres
Price per sqft
$211
Property Type
House
Property Taxes
-
HOA Dues
$107
Year Built
2002
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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 #219068156DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 12, 2021 | Sold | ||
| Sold | |||
| Sep 27, 2021 | Listed by Compass | $439,900 | |
| Listed by Compass | |||
Property Highlights
Air Conditioning
Fireplace
Garage
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: The Balog Group, Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219068156DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219068156DA
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