$875,550
●
House -
Off Market
83420 Wexford Avenue
Indio, CA 92201
5 Beds
4 Baths
2,425 Ft²
$4,493
Est. Monthly
About This Property
Current and very strong Airbnb stunner. Welcome to this
spectacular, exquisitely remodeled vacation rental property!
Boasting 5 indulgent bedrooms, 4 luxurious bathrooms, and an open
floorplan that radiates modern elegance, this home is a masterpiece
in design. Artistic elements beautify every corner, creating an
ambiance of upscale sophistication. April bookings alone pulled a
staggering 43k in 2023, proof of this property's impressive income
capability. Added to the mix, the exhilarating property brought in
a total of $163k in return on investment, and 29k done in January
and February 2024, this house is a chance to secure a lucrative,
turn-key investment opportunity. But we're not stopping there, an
inviting pool and spa awaits to entertain you under the captivating
desert sky, making this home even more irresistible. Don't miss out
on owning this splendid gem that is furnished to the highest level
along with a to die for backyard and location. Minutes to shops, la
Quinta, Coachella venue, and a great golf course with places to
eat.
Unit Size
2,425 Ft²
Days on Market
34 days
Land Size
0.18 acres
Price per sqft
$377
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2004
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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 #OC24140288)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2024 | Listed by Harcourts Prime Properties | $915,000 | |
| Listed by Harcourts Prime Properties | |||
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
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Closing Price
Sold On
Sold On
HOA + Taxes
About Indio
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Listed by: Westley Williams, Harcourts Prime Properties
Last Updated: 3 years ago
Data Source: CRMLS, MLS# OC24140288
Last Updated: 3 years ago
Data Source: CRMLS, MLS# OC24140288
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