80592 Apricot Lane
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%.
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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.
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 |
|---|---|---|---|
| Jun 17, 2026 | Sold | ||
| Sold | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Jan 2, 2026 | Listed by Equity Union | $1,275,000 | |
| Listed by Equity Union | |||
| Mar 19, 2024 | Sold | ||
| Sold | |||
| Jul 3, 2023 | Listed by HomeSmart | $1,199,000 | |
| Listed by HomeSmart | |||
| | |||
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Welcome to a meticulously furnished per inventory single-family residence nestled within the esteemed community of The Orchard in Indio. This exquisite property presents a lucrative opportunity for year-round income potential. Boasting expansive living spaces, four bedrooms along with a separate casita, and four full bathrooms, this home spans approximately 3,618 square feet, offering a spacious floor plan designed for both leisure and entertainment. Upon entry, a charming living area featuring a fireplace sets a cozy tone, ideal for fostering a welcoming ambiance. The well-equipped kitchen showcases modern appliances, ample cabinet space, and a convenient center island. With four bedrooms and a separate casita that doubles as a fifth bedroom, each space ensures privacy and comfort. The master suite serves as a serene sanctuary, complete with an en-suite bathroom featuring double vanities, a walk-in shower, and a soaking tub. Step outside into the backyard oasis and discover a private retreat. The property boasts a refreshing pool and spa, creating the perfect setting to unwind during warm days or evenings beneath the stars. This property is ideally situated in a short-term rental-friendly community, presenting an exceptional opportunity for leveraging its appeal during the Coachella Fest and Stagecoach weekends. The high demand for accommodations during these internationally renowned music festivals opens the door to a lucrative investment opportunity.
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About Indio
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017