49730 lewis Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 10, 2020 | In contract | - | |
| In contract | |||
| Jun 15, 2020 | Listed | $377,500 | |
| Listed | |||
| | |||
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Come, check out this charming 3 bedroom, 2.5 bath home in the prestigious Indian Palms Country Club. Located in one of the nicest gated communities of Indio, this home boasts an open floor plan, 2 cozy fireplaces (living and family room) for those cold, winter nights, a spacious kitchen with granite counter tops and new stainless steel kitchen appliances installed in 2020, a separate laundry room with a sink, and high 10 feet ceilings. Some of the other highlights include an upgraded covered patio, a huge RV garage with hookups, two fig trees, an avocado tree, and a beautifully landscaped front and back yard. Some added bonuses are a recently purchased exquisite chandelier, an added shower enclosure in the guest bath, and new carpet installed in 2018. This home is in a highly desirable location due to its proximity to the nearby casinos, resorts, fancy restaurants, polo grounds, Coachella Fest and the Indian Wells Tennis Garden. Ideal for owner occupied or as a second investment home. Owners will also certainly appreciate how close the 10 freeway is. Low HOA's include membership to the Indian Palms Lifestyle Center which includes a fitness center, 3 pools, tennis, pickleball and bocce courts, golf course, club room, bar, outside landscaping etc. Guests can also stay at the Indian Palms hotel. The manager has listed the unit size as 2180 square feet.
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| May 14, 2018 | Sold | ||
| Sold | |||
| Jan 17, 2018 | Listed by HomeSmart | $319,000 | |
| Listed by HomeSmart | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017