Wanderlist July 6, 2023

California Walk to Music Festivals or Golf Courses

Author

Ryan Anstett
July 06, 2023

  • Do you have a Vacation Rental you want to market? Connect with us to get in front of our list of investors.

Today’s Featured Home. Subscribe for details!

To access property address’, contact information and all of today’s opportunities. Upgrade for details! For a free 30 Min consultation call Click Here.

Indio, CA

Listed by Lawrence Malestic | Berkshire Hathaway HomeServices California Properties

This newer south-facing home in Indian Palms Country Club has three bedrooms and three full bathrooms. The open concept along with 9 foot ceilings enhances the light and airy feel. The chef's kitchen has an enormous island and all the counters are adorned in slab granite. There's also white cabinetry, stainless steel appliances, and a walk-in pantry with a frosted glass door. Most of the living area has 18 inch designer tile underfoot, and there's also a high tech fireplace in the great room. You can frolic in your sleekly designed pool with raised spa and dine Al Fresco under the covered patio. The attached garage will accommodate two full-size vehicles and there's a golf cart garage. Low HOA fee which includes a fitness center, 3 pool/spa areas, sport and tennis courts, along with a boutique hotel for your guests. Indian Palms offers 27 holes of golf with very reasonable memberships or you can pay as you play. Ideally located walking/biking distance to the Polo grounds, and the world famous Coachella and Stagecoach festivals! AND Goldenvoice just anounced the second running of Old Chella later in the year! Best of all, this home is available for all of those short term rentals!

Property Details

  • $749,000

  • 3 Bedrooms/2 Bath

  • Average Daily Rate: $601

  • Occupancy Rate: 47%

Projections

  • Down Payment: $149,800

  • Cash to Close: $189,530

  • Monthly Income: $8,592

  • Monthly Expenses: $7,869

  • Monthly expected cash flow: $722

  • Expected cash on cash return: 4.57%

  • Property Value in 10 Years: $1,173,231

Subscribe to The Wanderlist for more details.

Become a paying subscriber of The Wanderlist to get access to the full post and other subscriber-only content for the cost of a cup of coffee/month.

Upgrade to get:

  1. The full list of the best daily deals. Including Addresses and a complete done for you list of vendors.

  2. Professional network to lay the groundwork for a Done For You Short term Rental Business

  3. Short Term Rental Consultation. 1Hr. deep dive ($150) Complimentary with Yearly subscription.

Subscribe to Premium to read the rest.

Become a paying subscriber of Premium to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.