$575,000
●
House -
Off Market
82799 Burnette Drive
Indio, CA 92201
3 Beds
3 Baths,
1
Half Bath
2,051 Ft²
$626,815
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
HUGE PRICE DROP! Beautiful 3 Bedroom, 2 1/2 Bath, fully
furnished/turnkey home. A double car garage plus separate golf cart
garage. Enter into a spacious great room with fireplace which
opens up to a gourmet kitchen with large breakfast bar and dining
area. Kitchen has granite counter tops, stainless-steel
appliance and lots of cabinets for storage. Living room opens
up to a back yard with covered patio. Enjoy the serene views
of the greenbelt and morning sunrises. The roomy ensuite and
primary bedroom hosts a private courtyard perfect for relaxing.
Included with the HOA is membership to the Lifestyle Center
which offers a gym, pickle ball, tennis, bocce ball and pool and
classes. Indian Palms is also close to the polo grounds, home
of the infamous Coachella and Stagecoach Music Festivals.
24-hour guarded security gate. Short term rentals are
allowed.
Unit Size
2,051 Ft²
Days on Market
194 days
Land Size
0.14 acres
Price per sqft
$292
Property Type
House
Property Taxes
-
HOA Dues
$288
Year Built
2005
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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 #219082751DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 14, 2023 | Sold | ||
| Sold | |||
| Aug 4, 2022 | Listed by HomeSmart | $599,900 | |
| Listed by HomeSmart | |||
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
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Listed by: Cindy Barker, HomeSmart
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219082751DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219082751DA
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