$380,000
●
House -
Off Market
83387 Lightning Road
Indio, CA 92203
4 Beds
2 Baths,
1
Half Bath
2,906 Ft²
$621,771
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
Welcome to the gated community of Shadow Ranch located in North
Indio - LOW TAX BASE - LOW HOA. This home shows off 2,906 square
feet, 4 bedrooms, 3 bathrooms, tandem 3 car garage, and sits on a
big elevated corner lot. The interior features an open floor plan
with the kitchen and living room. Separate dining room, formal
living, and flex space for someone's personal needs. Off the flex
and formal living is a small patio and private access to the west
side of the property. The home has brand new engineered wood floors
on the first level and stairs. All 4 bedrooms are located on the
second floor with the master having a private balcony that looks at
the mountain views. The backyard shows space and has a ton of pool
potential. Shadow Ranch is conveniently located close to Shadow
Hills High School, Home depot, Walmart, and other stores/shops.
Welcome and enjoy life in Shadow Ranch!
Unit Size
2,906 Ft²
Days on Market
122 days
Land Size
0.18 acres
Price per sqft
$134
Property Type
House
Property Taxes
-
HOA Dues
$120
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: 4 months ago (CRMLS #217009556DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2020 | Sold | ||
| Sold | |||
| May 23, 2020 | Listed by C 21 Coachella Valley RE | $420,000 | |
| Listed by C 21 Coachella Valley RE | |||
| | |||
|
Welcome to the beautiful community of Shadow Ranch located in North Indio - LOW TAX BASE - LOW HOA. This home offers 2,906 square feet, 4 bedrooms, 3 bathrooms, tandem 3 car garage, and sits on a big elevated corner lot. The interior features an open floor plan with the kitchen and living room. Separate dining room, formal living, and bonus space for someone's personal needs or crafts. All 4 bedrooms are located on the second floor with the master having a private balcony that looks at the mountain views. The backyard is ready to entertain and potential for a pool. Shadow Ranch is conveniently located close to Shadow Hills High School, Home depot, Walmart, and other stores/shops.
| |||
| Aug 25, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $389,910 | |
| Listed | |||
| | |||
|
Welcome to the gated community of Shadow Ranch located in North Indio - LOW TAX BASE - LOW HOA. This home shows off 2,906 square feet, 4 bedrooms, 3 bathrooms, tandem 3 car garage, and sits on a big elevated corner lot. The interior features an open floor plan with the kitchen and living room. Separate dining room, formal living, and flex space for someone's personal needs. Off the flex and formal living is a small patio and private access to the west side of the property. The home has brand new engineered wood floors on the first level and stairs. All 4 bedrooms are located on the second floor with the master having a private balcony that looks at the mountain views. The backyard shows space and has a ton of pool potential. Shadow Ranch is conveniently located close to Shadow Hills High School, Home depot, Walmart, and other stores/shops. Welcome and enjoy life in Shadow Ranch!The manager has listed the unit size as 2906 square feet.
| |||
| Apr 25, 2017 | Listed by Shadow Hills Real Estate | $389,910 | |
| Listed by Shadow Hills Real Estate | |||
Property Highlights
Garage
Air Conditioning
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: Charles Scicli, Shadow Hills Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 217009556DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 217009556DA
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