$890,000
●
House -
Off Market
48646 Spring Rain Court
Indio, CA 92201
6 Beds
4 Baths
3,229 Ft²
$1,272,710
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Vacation Rental, Vacation Rental, Vacation Rental! This outstanding
property sits within the highly desirable community of Montage!
With 6 bdrms/4 baths-many of the updated new features include
amazing backyard with pavers and pebbletech pool., custom kitchen
with new SS appliances, custom granite counter tops, new
interior/exterior paint This property is not only beautiful on the
interior, but it is highly private & perfect for entertaining on
the exterior with a refreshed BBQ, new fire pit, & all NEW patio
furniture including an outdoor TV & seating galore! Less than 1
mile from the Polo Grounds, this home would make a perfect vacation
rental as there are no rental restrictions in Montage! Come, fall
in love and bring us an offer
Unit Size
3,229 Ft²
Days on Market
10 days
Land Size
0.39 acres
Price per sqft
$276
Property Type
House
Property Taxes
-
HOA Dues
$130
Year Built
2004
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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 #219039405DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 21, 2024 | No longer available | - | |
| No longer available | |||
| Dec 15, 2023 | Listed by Carlos Martinez, Broker | $1,988,000 | |
| Listed by Carlos Martinez, Broker | |||
| | |||
|
Welcome to your dream vacation rental nestled in the prestigious enclave of Montage Santa Rosa! Prepare to be captivated by this remarkable property boasting 5 bedrooms and 4 baths. This wonderful home has been meticulously and tastefully updated and furnished. The custom kitchen with stainless steel appliances, updated backsplash and countertops beckon culinary adventures and gourmet delights. The true magic lies in the privacy and entertainment possibilities of the exterior. Step outside to discover an oasis awaiting your enjoyment. The exterior of the home has just been painted. The location at the bulb of the culdesac provides an unusually large back yard that is a testament to indulgence, featuring a pebble tech pool and spa, new BBQ area, putting green, outdoor fireplace, a treasure trove of patio furniture and even a pickleball court that sets the stage for unforgettable gatherings. Additionally, a fantastic amenity of this wonderful home is a separate casita with sitting room that is a guest's delight offering privacy and seclusion. Strategically positioned less than a mile from the renowned Polo Grounds, this home is an idyllic choice for a vacation rental. Montage Santa Rosa presents the ultimate freedom with no rental restrictions, making this property not just a stunning interior and exterior experience but a lucrative opportunity for those seeking an upscale and unrestricted vacation retreat that is turn key furnished with quality furnishings and conveniences. The manager has listed the unit size as 3229 square feet.
| |||
| Mar 2, 2020 | Sold | ||
| Sold | |||
| Feb 21, 2020 | Listed by Compass | $890,000 | |
| Listed by Compass | |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Indio
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Listed by: Anthony Bauer, Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219039405DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219039405DA
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