$515,000
●
House -
Off Market
48861 Biery Street
Indio, CA 92201
3 Beds
2 Baths
1,833 Ft²
$2,923
Est. Monthly
$320
HOA / Fees
About This Property
Location, Location, Vacation! Price IMPROVEMENT on this TURNKEY
Furnished, Meticulously Maintained and Move-in-Ready, this Royal
Vista Plan 2 w/Jaw Dropping, Panoramic Views of Santa Rosa
Mountains, Allows SHORT TERM RENTALS. If You've Grown Tired of
Trying to Find an AFFORDABLE Short Term Rental Option w/LOW HOA's?
You're in LUCK. Floor Plan Delivers a Functional Flow and is
Everything Today's Buyer is Looking for... BRIGHT, AIRY and OPEN
w/an Abundance of Natural Light. You'll Appreciate the Comfortable
Interior w/Porcelain Flooring, a Generous Kitchen w/Granite
Counters, a Primary Suite that Opens to a Private Patio and a Bonus
Room that is Currently Used as an Office w/a Murphy Bed for a
Makeshift Third Bedroom. Seamless Indoor-Outdoor Living w/Two
Patios, a Firepit and Amazing Sunsets. You'll also Appreciate the
Epoxy-Sealed Two Car Garage + Golf Cart, a Newer Water Heater and
the Tasteful Furnishings Package. Truly a Triple Option of
Opportunity; a Primary Residence, a Vacation Getaway -or- a
Fantastic Rental Opportunity that could be Ready for REVENUE!
BONUS: Low HOA's, Gated Security, All Landscaping, Club House,
Community Pools & Fitness Center, Sport Courts, Affordable Golf +
Close to Music Festivals and Polo Events!
Unit Size
1,833 Ft²
Days on Market
92 days
Land Size
0.13 acres
Price per sqft
$289
Property Type
House
Property Taxes
-
HOA Dues
$320
Year Built
2006
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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: 25 days ago (CRMLS #219122878DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | Listed by Cool Digs | $530,000 | |
| Listed by Cool Digs | |||
| | |||
|
Location, Location, Vacation! Price IMPROVEMENT on this TURNKEY Furnished, Meticulously Maintained and Move-in-Ready, this Royal Vista Plan 2 w/Jaw Dropping, Panoramic Views of Santa Rosa Mountains, Allows SHORT TERM RENTALS. If You've Grown Tired of Trying to Find an AFFORDABLE Short Term Rental Option w/LOW HOA's? You're in LUCK. Floor Plan Delivers a Functional Flow and is Everything Today's Buyer is Looking for... BRIGHT, AIRY and OPEN w/an Abundance of Natural Light. You'll Appreciate the Comfortable Interior w/Porcelain Flooring, a Generous Kitchen w/Granite Counters, a Primary Suite that Opens to a Private Patio and a Bonus Room that is Currently Used as an Office w/a Murphy Bed for a Makeshift Third Bedroom. Seamless Indoor-Outdoor Living w/Two Patios, a Firepit and Amazing Sunsets. You'll also Appreciate the Epoxy-Sealed Two Car Garage + Golf Cart, a Newer Water Heater and the Tasteful Furnishings Package. Truly a Triple Option of Opportunity; a Primary Residence, a Vacation Getaway -or- a Fantastic Rental Opportunity that could be Ready for REVENUE! BONUS: Low HOA's, Gated Security, All Landscaping, Club House, Community Pools & Fitness Center, Sport Courts, Affordable Golf + Close to Music Festivals and Polo Events!
| |||
Property Highlights
Garage
Air Conditioning
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
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Indio
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: T.J. McCaa, Cool Digs
Last Updated: 25 days ago
Data Source: CRMLS, MLS# 219122878DA
Last Updated: 25 days ago
Data Source: CRMLS, MLS# 219122878DA
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