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8425 Indio Avenue
About This Property
The existing footprint offers a straightforward layout with an open living area, bedrooms with natural light, and a functional flow that can be shaped to fit a variety of uses. Tile flooring is in place, and the home sits beneath a tiled roof with a covered entry and double carport already constructed.
Outside, the expansive acreage provides space for outdoor living, future improvements, or simply enjoying the open desert environment. Covington Flats is known for its quiet setting, wide skies, and proximity to hiking, off-road recreation, and Joshua Tree National Park, while still remaining within reasonable distance to town amenities.
This property may be well-suited for a buyer seeking a hands-on project, a custom desert retreat, or a long-term hold with room to add value. Buyer to verify all permits, utilities, and completion requirements.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Listed by Cherie Miller & Associates | $159,000 | |
| Listed by Cherie Miller & Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017