80733 Mountain Mesa Drive 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 |
|---|---|---|---|
| May 2, 2024 | No longer available | - | |
| No longer available | |||
| Mar 27, 2024 | In contract | - | |
| In contract | |||
| Mar 24, 2024 | Price Decreased |
$799,000
↓ $80K
(9.1%) | |
| Price Decreased | |||
| Jan 5, 2024 | Price Decreased |
$879,000
↓ $20K
(2.2%) | |
| Price Decreased | |||
| Nov 8, 2023 | Listed by Alta Realty Group CA, Inc. | $899,000 | |
| Listed by Alta Realty Group CA, Inc. | |||
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Indio's Premier Property: Ideal for Primary Residence or Turnkey STR! This 5-bed, 2-bath pool home in Madison Ranch offers a move-in-ready haven or lucrative short-term rental. Near Coachella and Stagecoach, it suits both homeowners and investors. Step into an inviting, open floor plan with wood vinyl flooring and a cozy fireplace in the spacious living area. The kitchen, connected to dining and living areas, boasts Corian countertops, stainless steel appliances, and a walk-in pantry for delightful meals. The master bedroom includes a walk-in closet and a lavish bath and walk-in shower; a personal oasis. Outside, a heated salt-water pool and spa create a perfect retreat. The property features a 2-car garage with plenty of storage for personal items or supplies required to operate a short-term rental. There is even a ping-pong table for guests to enjoy. With tile roofing, central heating & air, a complete solar power system (leased at $131 per month), and a fenced backyard, this property has all the conveniences you need. Fully furnished, this property promises comfort and luxury, whether for your primary residence or as a turnkey short-term rental opportunity. As a short-term rental, it's projected to yield over $123,000 in revenue with a 11.3% self-managed cap rate and 8.5% cap rate, if professionally managed. Don't miss out on owning this fully furnished oasis in a prime location! The manager has listed the unit size as 2502 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017