$896,000
●
House -
Off Market
81089 Carefree Drive
Indio, CA 92201
4 Beds
4 Baths,
1
Half Bath
3,308 Ft²
$1,201,748
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
This elegant home with open floor plan is perfectly located in
Montage at Santa Rosa. With its close proximity to the
popular festival/polo grounds, this short-term rental friendly
community is ideal for investment purposes. Having multiple
options to increase the bedroom count, this stunning four-bedroom,
private pool home, offers 3308 square feet of luxury. Enjoy
indoor/outdoor desert living with a sparkling pool and spa, fire
pit, covered patio and several lounging areas for entertaining and
relaxation. The spacious kitchen with large island, rich wood
cabinetry, granite slab counters, and walk-in pantry is an
entertainer's delight. Adjacent to the kitchen is a large great
room with fireplace and wet bar. The formal dining room has been
transformed into a festive game room with walk-in wine room and
fridge. The large master suite features private access to the rear
yard and offers dual sinks, soaking tub, shower and spacious
walk-in closet. This stylish home reflects the true essence of
desert relaxation and beauty. Don't wait; make this home your
personal desert oasis or a lucrative vacation rental.
Unit Size
3,308 Ft²
Days on Market
38 days
Land Size
0.30 acres
Price per sqft
$269
Property Type
House
Property Taxes
-
HOA Dues
$126
Year Built
2005
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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 #219048263DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2020 | Sold | ||
| Sold | |||
| Aug 23, 2020 | Listed by Royale Real Estate | $889,000 | |
| Listed by Royale Real Estate | |||
| Jan 14, 2019 | No longer available | - | |
| No longer available | |||
| Nov 5, 2018 | Listed | $799,000 | |
| Listed | |||
| | |||
|
This fantastic home with an open floor plan is located in Montage, which is one of the rare communities allowing short term rentals. With multiple options to increase the bedroom count this is the perfect home for investment purposes and is in close proximity to the world famous festival / polo grounds, home to Coachella Fest and Stagecoach. The spacious kitchen has a large island, rich wood cabinetry, granite slab counters, nice appliances and a walk-in pantry. Adjacent to the kitchen is a large great room with fireplace and wet bar. The formal dining room is being utilized as a game room with a walk-in wine room with iron gates. The large master suite with access to the rear yard also has dual sinks, tub, shower and walk-in closet. The private rear yard is an outdoor entertainers delight with a sparkling pool and spa, covered patio for dining and a sitting area. Do not miss this rare buyer's opportunity to own in Montage. The manager has listed the unit size as 3308 square feet.
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Indio
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Listed by: Gabriel Franco, Royale Real Estate
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219048263DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219048263DA
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