$250,000
●
Condo -
Off Market
48939 Eisenhower Drive
Indio, CA 92201
2 Beds
1 Bath
957 Ft²
$1,757
Est. Monthly
$436
HOA / Fees
13.67%
Cap Rate
About This Property
Cute 2 Bedroom, 1 Bath condo with greenbelt views and 2 community
pools close by. Private gated patio on greenbelt side and
front courtyard entrance. Tax records indicate 1 bedroom,
however, a closet it being added to the second room so it can be
used as a 2nd bedroom or den. A/C and Water Heater have been
replaced within the past year. Condo is perfect for a rental,
seasonal or fulltime home. Needs a little TLC but the price
reflects that. This is a great deal and should not be missed.
Unit Size
957 Ft²
Days on Market
38 days
Land Size
0.05 acres
Price per sqft
$281
Property Type
Condo
Property Taxes
-
HOA Dues
$436
Year Built
1979
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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: 2 years ago (CRMLS #219118861DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 2, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Oct 25, 2024 | Listed by HomeSmart | $269,000 | |
| Listed by HomeSmart | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Assigned, Driveway
Open Parking Spaces: 1
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 1
Levels: One
Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
Flooring Type: Carpet, Tile
Living Area Square Feet Source: Assessor
Laundry Features: Laundry Closet
Exterior Details
Year Built: 1979
Parcel Number: 614281012
Home Type: Residential
Window Features: Blinds
Outdoor Living Structures: Concrete
Spa Features: Community, In Ground
Private Pool
Pool Features: Community, In Ground
Lot Information: Greenbelt, Sprinkler System
Lot Size Source: Assessor
Lot Size Acres: 0.0529
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Natural Gas
Location Details
Association Amenities: Clubhouse, Maintenance Grounds, Pet Restrictions, Security
Association Fee: $390
Association Fee Frequency: Monthly
Association Fee2: $46
Association Fee2 Frequency: Monthly
Community Features: Gated, Pool
Security Features: Gated Community, Twenty Four Hour Security
Subdivision: Indian Palms (31432)
High School District: Desert Sands Unified
Subdivision Name: Indian Palms (31432)
Directions: Enter guard gate on Monroe, right on Eisenhower. Just past stop sign on right. Cross Street: Monroe & Ave. 48.
Other Details
Listing Terms: Cash, CashToNewLoan, Conventional
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/25/2024
| |
2 Bed
|
1 Bath
|
957 ft²
|
$269,000
2 Bed
1 Bath
957 ft²
|
$250,000
-7.06%
12/02/2024
|
Cindy Barker
HomeSmart
|
Building Info
About Indio
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Listed by: Cindy Barker, HomeSmart
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219118861DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219118861DA
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