$350,000
●
House -
Off Market
49526 Wayne Street
Indio, CA 92201
3 Beds
3 Baths
1,985 Ft²
$468,017
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
This beautiful home is located on the legendary Indian Palms Golf
Course with northeast and southeast views. A covered patio area
with recessed lighting extends the living space into the outdoors.
The fully landscaped, fenced in yard is maintained by the HOA and
features a refreshing water fountain and custom paver patio. The
kitchen has plenty of entertaining area and a breakfast counter
where you can watch the golfers tee off across the fairway. The
desired open concept floor plan flows from the kitchen into the
dining and living room area. The oversized den can be made
into a 4th bedroom, office or entertainment room. The
detached casita has a private entrance, full bath and thermostat to
keep your guests comfortable during their stay. This is a
great investment opportunity with no short-term rental
restrictions. The HOA dues include a fitness center with
tennis & pickleball courts, bocce ball and three swimming pools.
Unit Size
1,985 Ft²
Days on Market
89 days
Land Size
0.12 acres
Price per sqft
$176
Property Type
House
Property Taxes
-
HOA Dues
$285
Year Built
2004
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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: 4 months ago (CRMLS #219046580DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2024 | No longer available | - | |
| No longer available | |||
| Apr 5, 2024 | Price Decreased |
$570,000
↓ $15K
(2.6%) | |
| Price Decreased | |||
| Feb 14, 2024 | Price Decreased |
$585,000
↓ $15K
(2.5%) | |
| Price Decreased | |||
| Dec 18, 2023 | Listed by RE/MAX Time | $599,900 | |
| Listed by RE/MAX Time | |||
| | |||
|
Charming house on a spacious 5,227 Sq Ft lot. Indoor-outdoor flow with natural light creates a warm and inviting atmosphere. 1,985 Sq ft of space for everyone to enjoy. Three bedrooms with ceiling fans with a detach casita. Dark kitchen adds elegance. Beautiful garden for relaxation and outdoor activities. Outdoor fireplace for warmth and ambiance. Inside Indian Palms Country Club with a 24 hour guard you'll have access to great amenities and recreational activities.. .Near the Empire Polo Fields . Don't miss this incredible opportunity. The manager has listed the unit size as 1985 square feet.
| |||
| Oct 21, 2020 | Sold | ||
| Sold | |||
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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
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Type
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ft²
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HOA + Taxes
About Indio
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Listed by: Jessica Bailey, Realty Executives Desert Lifestyles
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219046580DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219046580DA
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