74947 Sage Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 10, 2023 | No longer available | - | |
| No longer available | |||
| Dec 9, 2023 | In contract | - | |
| In contract | |||
| Nov 29, 2023 | Relisted | $925,000 | |
| Relisted | |||
| Nov 9, 2023 | In contract | - | |
| In contract | |||
| Nov 1, 2023 | Listed by Windermere Real Estate | $925,000 | |
| Listed by Windermere Real Estate | |||
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This single level, 4 bedroom, 3.5 bath home (including the attached casita with its own entrance) sits on a raised corner lot and is ideally nestled in the center of the highly desirable gated community of Colony Cove - referred to by many as ''the best kept secret in Indian Wells''. Beautiful large glass double doors lead to an open floor plan and a great room with high ceilings, built-in cabinetry, a cozy fireplace, and lots of natural light. There is tile throughout and carpet in the bedrooms and office area. The primary suite is separate from the guest bedrooms and offers ample space, a stand-up shower, separate tub, large closet space, and direct access to the beautiful south facing backyard where you can enjoy a private pool oasis. There is also plenty of space for outdoor dining and entertainment. The stunning, remodeled kitchen showcases custom lighting, beautiful cabinetry, a dining nook, and a large center island for additional seating. In addition, there is a speaker system, the windows throughout the home are furnished with high-end shutters, the home is being sold partially furnished (including golf cart!) and there is plenty of room for storage, toys, or more in the 3-car garage. Colony Cove offers a low HOA and is centrally located close to the new Sprouts market. The City of Indian Wells offers property owners some of the best perks in the desert. Find out more:
https://www.cityofindianwells.org/our-city/residents/resident-benefi The manager has listed the unit size as 2333 square feet.
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About Indian Wells
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$7,600 /mo
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$7,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017