43835 Mezzelune Way, Indio, CA 92203

2 beds 2 baths 7,174 sq.ft.

Offerered at: $429,000.00

Project/Tract: FourSeasonsTerraLago
County: Riverside
Year Built: 2021
Association Fees: $300.00/mo.

Property Description

PRICED TO SELL!FULLY MANAGED 55+ RENTAL WITH LONG TERM TENANT IN PLACE AND PAID SOLAR! signed specifically for the hands-off investor, this new, tenant-occupied asset is now available at a reduced price of $429,000, offering immediate cash flow. The 6.48% CAP RATE is calculated after all operating expenses, including the full professional property management fee, are deducted. With this property, you're investing in a steady and predictable income stream rather than a job. Key highlights include: ✅ Fully Managed--enjoy zero operational hassle or landlord risk. ✅ Solar-Owned--an entirely owned solar system provides a strong operational hedge, enhancing NOI stability. ✅ NOI (Net Annual Profit)--a healthy $27,794. ✅ Low Risk--built in 2020, located in the highly desirable 55+ community of FOUR SEASONS AT TERRA LAGO, with a long-term tenant already in place.

ESSENTIAL INFO

  • Status: Active