$769,000
●
House -
Off Market
49288 Sherman Drive
Indio, CA 92201
4 Beds
3 Baths
1,978 Ft²
$795,079
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
Indian Palms CC is a gated community that allows short term
rentals. This home has it all & features 4 bedrooms with the 4th
bedroom being a detached casita with a full bath. The home features
a 2 car garage/plus & a separate golf cart garage.. Open floor plan
with a nice kitchen island that opens to the great room with a warm
fireplace with a formal dining room. Kitchen has slab granite
countertops. Slider off the kitchen leads you to the patio
and pool area. The master bedroom and master bath are very
nice. The master bedroom has a private door leading to the
patio and beautiful pool & spa. Home is on the golf course with
wonderful pond and mountain views. Home is being sold
unfurnished. Low HOA'S include 3 community pools, the Life Style
Center with newer equipment and several sport courts, Pickle Ball,
tennis, Bocce ball. Indian Palms is located close to the famous
Polo Fields and the Coachella and Stagecoach music festivals plus
many more events. Close to several restaurants, grocery
store, pharmacy, fast food and Starbucks, banking etc. City of
Indio does require permits for long and short term rentals.
Unit Size
1,978 Ft²
Days on Market
55 days
Land Size
0.19 acres
Price per sqft
$389
Property Type
House
Property Taxes
-
HOA Dues
$242
Year Built
2003
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 6 months ago (CRMLS #219080040DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 2, 2022 | Sold | ||
| Sold | |||
| Jun 8, 2022 | Listed by Indian Springs Real Estate | $769,000 | |
| Listed by Indian Springs Real Estate | |||
| | |||
|
Indian Palms CC is a gated community that allows short term rentals. This home has it all & features 4 bedrooms with the 4th bedroom being a detached casita with a full bath. The home features a 2 car garage/plus & a separate golf cart garage.. Open floor plan with a nice kitchen island that opens to the great room with a warm fireplace with a formal dining room. Kitchen has slab granite countertops. Slider off the kitchen leads you to the patio and pool area. The master bedroom and master bath are very nice. The master bedroom has a private door leading to the patio and beautiful pool & spa. Home is on the golf course with wonderful pond and mountain views. Home is being sold unfurnished. Low HOA'S include 3 community pools, the Life Style Center with newer equipment and several sport courts, Pickle Ball, tennis, Bocce ball. Indian Palms is located close to the famous Polo Fields and the Coachella and Stagecoach music festivals plus many more events. Close to several restaurants, grocery store, pharmacy, fast food and Starbucks, banking etc. City of Indio does require permits for long and short term rentals.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Indio
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Leanna Petitt, Palm Shadow Realty
Last Updated: 6 months ago
Data Source: CRMLS, MLS# 219080040DA
Last Updated: 6 months ago
Data Source: CRMLS, MLS# 219080040DA
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017