48712 Andorra Street
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 12, 2022 | Sold | ||
| Sold | |||
| Aug 13, 2022 | Listed by The Firm Brokerage | $1,200,000 | |
| Listed by The Firm Brokerage | |||
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AMAZING SHORT TERM RENTAL OPPORTUNITY! At almost 2800 square feet of completely professionally remodeled entertainment space, this 5 bedroom home in the highly desirable Rincon community is walking distance from the music festivals at the polo fields and is 100% ready for its new owners to take over the established first year high yield STR earnings (180k++!!!) and continue to build upon the success! One of the very limited 5-bedroom 3 bathroom homes in the community has been bolstered by numerous improvements including; the newly installed saltwater pebble-tech pool and infinity edge spa with cutting-edge remote activated Pentair pool equipment, custom built allumawood patio with designer patio furniture, Gazebo with generously-sized outdoor dining space adjacent to a top-of-the-line Grill for al fresco dining experiences, oversized firepit, brand new professionally installed putting green and a bocci ball/activity space round out the outdoor amenities. A completely remodeled kitchen boasts brand new appliances and newly added breakfast nook space. The oversized entertainment/living space includes a custom-built pool table, shuffleboard and multiple seating areas around the new 75' smart TV.Furniture is available outside of escrow; please reach out quickly as showings are being booked around current rental windows because this home is still generating money and will not last long!
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| Jul 8, 2016 | Sold | ||
| Sold | |||
| Jan 29, 2016 | Listed by HK Lane Real Estate | $327,000 | |
| Listed by HK Lane Real Estate | |||
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Welcome to Rincon the centrally located highly desired development in Indio. Conveniently located off Jefferson you are very close HWY 111, restaurants, shops, etc.This 2,754 Sqft floor plan is a must see. Entrance features a gated private courtyard with water feature. The floor plan is well laid out with vaulted ceilings and a large open living room. No monthly HOA dues and no mello roos make this an excellent opportunity. House needs a little TLC and is priced accordingly.
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About Indio
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017