INVESTOR ALERT! Rare opportunity to own an income-generating asset
in one of the Valley's premier short-term rental (STR) friendly
communities! Located inside the highly desirable Indian Palms
Country Club -- just minutes from the world-famous Empire Polo Club
festival grounds -- this beautifully updated 2-bed, 2-bath golf
course oasis perfectly captures the high-demand vacation rental
market. Step inside to continuous, rich hardwood flooring and
recently installed, premium Sullivan shutters. The open kitchen is
built to impress guests with custom granite countertops, ample
high-capacity cabinetry, and an included appliance package boasting
a newer gas stove and refrigerator. Unwind on the private patio
under a custom shade pergola, offering unblocked, breathtaking
views of the majestic mountains, a sparkling lake, vibrant
sunrises, and fairways. Massive mechanical upgrades offer complete
peace of mind and lower overhead, featuring a newer water heater
and furnace installed within the last year, plus an included
washer/dryer. The attached 2-car garage features a newer insulated
door, an expansive overhead storage loft, and a dedicated 240-volt
electric vehicle (EV) charging outlet -- a massive perk for
eco-conscious travelers. Bonus for buyers: high-quality furnishings
are available for purchase outside of escrow for an immediate,
turn-key rental launch! Steps from your back patio, enjoy
effortless access to the refreshing community pool and heated spa,
while being just a short stroll away from the vibrant clubhouse,
pro shop, and the popular Hangar 19 restaurant and bar.
Additionally, the master association grants access to tennis,
pickleball, bocce ball, and a premier fitness center. HOA dues
cover roof maintenance, exterior stucco, landscaping, trash, pool
upkeep, and 24/7 guard-gated security. Whether you are looking for
a lucrative seasonal income property, a secure ''lock-and-leave'' second home, or a primary residence, this Indio gem is a rare find
in today's restricted rental market! *Note: Some photography has
been virtually staged and digitally enhanced for illustrative
purposes only to showcase the property's full seasonal potential.
Unit Size
1,082 Ft²
Days on Market
54 days
Land Size
-
Price per sqft
$304
Property Type
Condo
Property Taxes
-
HOA Dues
$460
Year Built
1982
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Cap Rate Calculator
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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.
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