$325,000
●
House -
Off Market
83408 Tourmaline Avenue
Indio, CA 92201
4 Beds
2 Baths
1,400 Ft²
$1,547
Est. Monthly
About This Property
Great Investment or Rental Income in the Heart of Indio. This 3
Bedroom, 2 Bathroom Main House with The Garage Converted With
Permits, per Seller into a Large Over sized Bedroom with Access
from the Exterior of the Home. Priced Below Market for
Immediate Sale, Schedule your Tour Today!
Unit Size
1,400 Ft²
Days on Market
31 days
Land Size
0.15 acres
Price per sqft
$225
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1967
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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 #219108210DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 9, 2024 | Sold | ||
| Sold | |||
| Mar 9, 2024 | Listed by Cool Digs | $315,000 | |
| Listed by Cool Digs | |||
| Sep 21, 2020 | Sold | ||
| Sold | |||
| Aug 12, 2020 | Listed by Desert Sands Realty | $259,900 | |
| Listed by Desert Sands Realty | |||
| | |||
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This Four Bedroom, Two bath home is waiting for you to call it home! Upon entering you will find an open living area that has been tastefully updated with modern colors and tile floors. The kitchen and dining areas are great for entertaining. Through the kitchen, you will find a large bonus room (formerly the garage, permitted) with bar set-up, AC, and laundry area. Use it as a game room, bar, or den. There are still 3 more guest bedrooms as well as a full guest bath on the way to the Main Bedroom Suite with its own full bath. The back yard has plenty of space for a pool, gazebo, or an oversized patio. There is even a storage shed for all your tools and gadgets. Don't miss your opportunity to make this your own desert retreat! NOTE. Possibly Long escrow period while awaiting seller's new build. Worth the wait!! Offers will be reviewed 8/21/2020.
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Property Highlights
Air Conditioning
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Indio
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Listed by: Gabino Gomez Saenz III, Cool Digs
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219108210DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219108210DA
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