48423 Hepburn Drive
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Listed by eXp Realty Of Southern California Inc | $529,000 | |
| Listed by eXp Realty Of Southern California Inc | |||
| Apr 1, 2025 | Listed | $555,000 | |
| Listed | |||
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Nestled within the esteemed Indian Palms Country Club, this exceptional 4-bedroom residence is ready to welcome you home. Featuring high ceilings and elegant arches, this property stands out with its charming attached casita - perfect for guests or a private office. Take advantage of no rental restrictions in Indian Palms and low HOA dues of only $270/mo. The short-term rental capabilities and prime location near Coachella Festival, make for an ideal income producing property. The home also comes fully furnished, ensuring it's move-in ready or equipped to start rentals right away. Indian Palms Country Club is not only known for its beautiful homes, but also offers amenities including multiple community pools, a relaxing spa, a fully equipped fitness center, golf options, and a clubhouse and restaurant for social gatherings. Take advantage of the beautiful mountain and golf course views right from your own backyard. This serene desert living offers both relaxation and recreation. Whether you're looking for a permanent residence or an investment property, this home is a true gem.
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| Jul 29, 2022 | Sold | ||
| Sold | |||
| Jul 1, 2022 | Listed by The Firm Brokerage | $550,000 | |
| Listed by The Firm Brokerage | |||
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Located in Indian Palms Country Club, This 4 bedroom, 3 bath residence offers a generous floor plan with high ceilings, large archways, and an attached casita outside. Inside you'll find warm colored vinyl flooring, granite countertops, recently upgraded kitchen appliances, and a cozy fireplace in the open living space. Master suite with walk-in closet and en suite bathroom with double vanity and large walk in shower. Outside, you're greeted with stunning mountain views and direct access to the lush green golf course. Indian Palms Country Club offers attractive amenities including: community pools and spa, fitness center, golf, restaurant and clubhouse. Low HOA of $270 in a great location near the Coachella Valley music and arts festival, making for a killer short term rental investment property.For showings, enter the community from the Monroe guard gate.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017