48638 Hepburn Drive
About This Property
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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 |
|---|---|---|---|
| Dec 31, 2024 | Sold | ||
| Sold | |||
| Dec 12, 2024 | In contract | - | |
| In contract | |||
| Dec 2, 2024 | Listed by KW Coachella Valley | $489,000 | |
| Listed by KW Coachella Valley | |||
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Located within the prestigious guarded gate community of Indian Palms, this stunning turn-key furnished home is truly a desert oasis. The primary bedroom suite includes a private bath and patio access for those after dark rendezvous at the nearby spa where swim wear is optional! There are also two guest bedrooms and a guest bath. The home features a family room with a cozy fireplace, a sunken formal living room that could become a 4th bedroom, a well-equipped kitchen, and a dining room. The east-facing patio overlooks the 7th fairway of the 18-hole golf course. This spectacular outdoor space is bathed in warm winter sun all season and is an entertainer's dream, boasting a large saltwater swimming pool, adjacent spa, a fireplace, fire pit, Aluma Wood-covered dining area, and a dramatic rock waterfall, all enclosed by a wrought-iron fence. Enjoy outdoor living year-round in this beautifully landscaped setting. Additional highlights include an attached two-car garage with storage space and an HOA with very low annual fees plus a rental friendly policy. Don't miss this opportunity to own a piece of paradise! Act quickly on this attractively priced and totally move-in ready home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017