$1,550,000
●
House -
Off Market
48856 Renewal Street
Indio, CA 92201
5 Beds
4 Baths
3,308 Ft²
$8,002
Est. Monthly
$150
HOA / Fees
4.47%
Cap Rate
About This Property
Here is your chance to buy in the highly sought-after community of
Montage at Santa Rosa. This newly remodeled 5-bedroom home has
unbelievable money-making potential, as the HOA allows Short-term
rentals. Montage is located a short distance to Coachella and
Stagecoach, which makes this an incredible investment opportunity.
Professionally decorated to the nines with an eclectic mix of old
and new styles. Offered fully, furnished...this is the opportunity
you have been waiting for! The backyard highlights include a
sparkling pool and spa, fire pit, grassy areas, play spaces, a
peaceful hammock and an incredible gazebo housing a
professional-grade outdoor kitchen. Having such profitability,
these Montage properties fly off the market, schedule your private
tour today. Showing days/times are limited, as this popular
property has guest stays booked throughout the year.
Unit Size
3,308 Ft²
Days on Market
147 days
Land Size
0.30 acres
Price per sqft
$483
Property Type
House
Property Taxes
-
HOA Dues
$150
Year Built
2005
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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 #219107726DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | Listed by BHG Desert Lifestyle Properties | $1,599,000 | |
| Listed by BHG Desert Lifestyle Properties | |||
| Dec 5, 2023 | No longer available | - | |
| No longer available | |||
| Jun 8, 2023 | Listed by BHGRE Desert Lifstyle Prop. | $1,700,000 | |
| Listed by BHGRE Desert Lifstyle Prop. | |||
| | |||
|
Here is your chance to buy in the highly sought-after community of Montage at Santa Rosa. This newly remodeled 5-bedroom home has unbelievable money-making potential, as the HOA allows Short-term rentals. Montage is located a short distance to Coachella and Stagecoach, which makes this an incredible investment opportunity. Professionally decorated to the nines with an eclectic mix of old and new styles. Offered fully, furnished...this is the opportunity you have been waiting for! The backyard highlights include a sparkling pool and spa, fire pit, grassy areas, play spaces, a peaceful hammock and an incredible gazebo housing a professional-grade outdoor kitchen. Having such profitability, these Montage properties fly off the market, schedule your private tour today. Showing days/times are limited, as this popular property has guest stays booked throughout the year. The manager has listed the unit size as 3308 square feet.
| |||
| Sep 18, 2022 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
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Sold On
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HOA + Taxes
About Indio
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Listed by: Nick Balsamo, BHG Desert Lifestyle Properties
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219107726DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219107726DA
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