82620 Zenda Drive
About This Property
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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 |
|---|---|---|---|
| Feb 27, 2022 | No longer available | - | |
| No longer available | |||
| Dec 31, 2021 | In contract | - | |
| In contract | |||
| Dec 11, 2021 | Listed by Compass | $5,995,000 | |
| Listed by Compass | |||
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The Zenda Equestrian Estate is a truly unique offering with endless possibilities. Ultra-secure with one guarded gated entrance and two electric gates, the estate sits nearly ten acres, fully fenced in amongst a small enclave of estates homes. Breath-taking 180 mountain views, with close proximity to the famed Coachella music festival, Empire and Eldorado Polo Club, Thermal Airport, and The Thermal club for the race car enthusiast. Recently completed in 2019, The main house offers approximately just over sixty-five hundred sq feet of living space, four bedrooms, and seamless indoor and outdoor living--a one bedroom, detached guest house with a spacious living room, kitchen, laundry, and garage. The residential barn structure showcases massive vaulted ceilings and open space with a movie projection screen, projector, theater seating bathroom, shower. Enjoy the benefits of Solar that is owned outright, a well for the property grounds landscaping water. All structures are connected to city water and sewer. The Zenda Estate is contemporary in design, appealing to the most discerning buyers who appreciate impeccable quality and exquisite artisanship with privacy. This recently completed compound is a dream estate and a rare offering. This estate is not part of an HOA, and short-term rentals are permitted per the city of Indio. Buyers should contact the City of Indio to verify conditions and limitations. The manager has listed the unit size as 11043 square feet.
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| Jul 28, 2017 | Listed | $1,599,000 | |
| Listed | |||
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Attention investors and developers! Less than a mile from festival grounds, adjoining 4 acre parcel is also available for purchase! Second APN: 767-100-012. Owner has plans and renderings for remodel and 5000 sq ft extension of main house (main house is under construction and has been gutted in preparation for massive expansion). Construction plans included with sale. Both properties can each be sub-divided into 2 separate lots. No HOA fees or rental restrictions. One of a kind horse ranch or ultimate vacation rental compound (see attached architectural rendering). A private horse trail that surrounds the complex makes walking to the festival grounds a breeze. Casita is completely finished with solar panels on roof and attached, fully loaded, 2-car garage. This property has its own water well. Current plans in place to improve street lights, sidewalks, new asphalt, fire hydrants, etc. Don't miss this unbelievable opportunity to build your dream home or vacation rental compound The manager has listed the unit size as 2940 square feet.
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| Mar 2, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017