$400,000
●
House -
Off Market
80622 Jasmine Lane
Indio, CA 92201
3 Beds
2 Baths
1,475 Ft²
$445,780
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
MORE PICS COMING SOON...This is one of the BESTESTBESTBEST family
neighborhood locations in WEST INDIO, on a corner lot with side
access to the back yard for multiplicity of reasons, and near
access to Hwy 111, and centrally all the big box stores schools and
shopping, and world renown The COACHELLA Music Fest, Polo fields,
Tennis Gardens, and PGA West. This 3 bedroom 2 bath, 2 car garage,
open floor plan. It's perfect for a family, or the investor who
wants to have a GREAT long-term or short term rental. NO HOA?NO
MELLOROOS! Close to excellent schools, hospitals, shopping,
restaurants and many other fun things to do here in the valley.
This home is tenant occupied, and the tenant is willing to stay in
the home long-term if an investor buys it, or is willing to move
out within 60 days. Anyone looking to buy for short term rentals
should call the City Of Indio for availability of permits for STR's
and any regulations.Also GREAT opportunity for a young family that
wants to be near schools, and in a GOoD family neighborhood. Call
quick, this home will not last.
Unit Size
1,475 Ft²
Days on Market
66 days
Land Size
0.15 acres
Price per sqft
$271
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1989
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Cap Rate Calculator
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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: 3 years ago (CRMLS #219067553DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 19, 2021 | Sold | ||
| Sold | |||
| Sep 14, 2021 | Listed by The Real Estate Company Inc | $399,777 | |
| Listed by The Real Estate Company Inc | |||
Property Highlights
Air Conditioning
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Indio
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: The Pena Group, The Real Estate Company Inc
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219067553DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219067553DA
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