$1,600,000
●
House -
Off Market
48681 Renewal Street
Indio, CA 92201
4 Beds
3 Baths
2,888 Ft²
$1,810,643
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Here is your chance to buy in the highly sought-after community of
Montage. This remodeled 4 bedroom + Game Room (with additional
Murphy bed) home has unbelievable money-making potential, as the
HOA allows Short-term rentals. Montage is located within walking
distance to Coachella and Stagecoach, which makes this an
incredible investment opportunity. Professionally decorated to the
nines with an eclectic mix of old and new styles. Designer
furnishings and luxury linens will keep your guests returning year
after year. The backyard highlights include a sparkling pool and
spa, deck jets, misters, bocce court, horseshoe pit, fire pit and
daybeds. All outdoor mechanics are controlled by a Pentair system
which can also be accessed remotely from your phone. The outdoor
kitchen is simply incredible...complete with a sink, BBQ,
refrigerator, ice machine and a pizza oven...the party never stops
here! These Montage properties fly off the market, schedule your
private tour today. Showing days/times are limited, as the property
is nearly booked solid through the end of the year!
Unit Size
2,888 Ft²
Days on Market
58 days
Land Size
0.30 acres
Price per sqft
$552
Property Type
House
Property Taxes
-
HOA Dues
$150
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: 3 years ago (CRMLS #219065099DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 18, 2025 | Listed | $1,799,000 | |
| Listed | |||
| | |||
|
Step into this beautiful vacation home situated in Montage at Santa Rosa just blocks from the Indio Polo Grounds which hosts numerous concerts and events throughout the year - namely, Coachella, Stagecoach and even Polo Matches. This operates as a permitted short-term rental in the City of Indio; HOA approved. Offered fully furnished - all rooms have been thoughtfully furnished and decorated with our guests enjoyment in mind. Impressive outdoor amenities to include a private PebbleTech pool and spa, outdoor fireplace and kitchen with pizza oven, outdoor seating for over 25 people, large firepit parially covered with pergola, bocce ball, and mini golf. This home has everything your guests desire to stay and play.
| |||
| Sep 17, 2021 | Sold | ||
| Sold | |||
| Jul 19, 2021 | Listed by RE/MAX Consultants | $1,595,000 | |
| Listed by RE/MAX Consultants | |||
| Oct 13, 2018 | No longer available | - | |
| No longer available | |||
| Sep 24, 2018 | Price Decreased |
$675,000
↓ $24K
(3.4%) | |
| Price Decreased | |||
Show More
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: Nick Balsamo, RE/MAX Consultants
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219065099DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219065099DA
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