$1,400,000
●
House -
Off Market
84721 Sirena Way
Indio, CA 92203
5 Beds
3 Baths
2,803 Ft²
$8,142
Est. Monthly
$285
HOA / Fees
3.72%
Cap Rate
About This Property
This property is being sold unfurnished, This 5-br, 3-ba home in
Terra Lago is an investor's dream ready to generate immediate
rental income. Spanning 2,803 sq ft of luxurious living
space, this home has been meticulously upgraded and remodeled to
provide an exceptional experience for guests. Chef's kitchen is a
true highlight with beautiful quartz countertops, stainless steel
appliances, and ample space for preparing gourmet meals. The home
features tinted windows & blackout blinds for privacy. The
outdoor area is a dream with a pool and spa, tanning ledge, water
slide, custom rock waterfall, and pool fence, all set on a spacious
1/3-acre lot. Enjoy three fire pits, a putting green, basketball
and bocce ball courts, & a double custom mist system for ultimate
relaxation and entertainment. Every detail of this home has been
thoughtfully curated to enhance the short-term rental experience.
Unit Size
2,803 Ft²
Days on Market
84 days
Land Size
0.29 acres
Price per sqft
$571
Property Type
House
Property Taxes
-
HOA Dues
$285
Year Built
2005
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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: 2 years ago (CRMLS #219112974DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Jun 13, 2024 | Listed by HomeSmart | $1,600,000 | |
| Listed by HomeSmart | |||
| | |||
|
This property is being sold unfurnished, This 5-br, 3-ba home in Terra Lago is an investor's dream ready to generate immediate rental income. Spanning 2,803 sq ft of luxurious living space, this home has been meticulously upgraded and remodeled to provide an exceptional experience for guests. Chef's kitchen is a true highlight with beautiful quartz countertops, stainless steel appliances, and ample space for preparing gourmet meals. The home features tinted windows & blackout blinds for privacy. The outdoor area is a dream with a pool and spa, tanning ledge, water slide, custom rock waterfall, and pool fence, all set on a spacious 1/3-acre lot. Enjoy three fire pits, a putting green, basketball and bocce ball courts, & a double custom mist system for ultimate relaxation and entertainment. Every detail of this home has been thoughtfully curated to enhance the short-term rental experience.
| |||
| Sep 15, 2021 | Sold | ||
| Sold | |||
| Jul 24, 2021 | Listed by Keller Williams Realty | $995,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
Beautiful home located in the highly sought after community of Terra Lago. With no rental restrictions this home is a vacation rental dream! Similar homes in the area generate around $200,000 in vacation rental income yearly. Situated on an over-sized private lot with panoramic mountain views. This home boasts a newly renovated custom Pebble Tec Pool and Spa, with multiple water features and waterfall, a half court basketball court and a raised fire pit. The open floor plan concept offers a spacious living room that is open to the upgraded kitchen featuring brand new cabinets and quartz countertops. The gorgeous center island with waterfall edges is perfect to entertain family and friends. The great room and master suite boast real hardwood flooring. Four oversized bedrooms with walk in closets and new cabinets and quartz countertops in all the bathrooms. Terra Lago offers a 24hr guarded gate, roving patrol, a 40 acre lake, game room and gym. Highlights: HOA includes Cable and Internet. New Pebble Tec, stone and tile around the pool, new kitchen cabinets and quartz countertops, new bathroom cabinets and quartz countertops and a new AC.
| |||
| May 19, 2016 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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: Angela Maciel-Gibbons, HomeSmart
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219112974DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219112974DA
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