49858 Maclaine Drive
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 |
|---|---|---|---|
| Mar 18, 2022 | Sold | ||
| Sold | |||
| Mar 3, 2022 | Listed by KUD Properties, Inc. | $505,000 | |
| Listed by KUD Properties, Inc. | |||
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Wonderful family, or short term rental friendly home just in time for Coachella & Stagecoach Festivals!!! This property has been used as a secondary vacation home and features new carpet and upgraded tile throughout. This 3 bedrooms, 2 bath, 1,885 sqft home comes turnkey furnished, ready to move in. The home includes a 2 car garage and a separate golf cart garage. It's ready for that next investor, or family looking to live in the famous Indian Palms Country Club all within walking distance to the Festivals. The spacious and inviting backyard sits on a grassy ravine with no back wall to obstruct the views and provides a perfect location for outdoor entertaining while also being large enough to build a pool. This is a highly desirable community in Indio for Short Term Rentals with plenty of amenities for your guest's that include community pools, spas, tennis courts, bocce ball, pickle ball, driving range, golf course and a gym. In addition, the property includes 2 beach cruisers, a backyard BBQ, and most of the kitchen essentials. All you have to do is bring a tooth brush. Did I already mention it is walking distance to Coachella Fest & Stagecoach!?! Don't wait on this beauty. Come see if for yourself. It's guaranteed to go quickly!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017