48692 Pear Street
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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 5, 2025 | Price Decreased |
$1,299,000
↓ $26K
(2%) | |
| Price Decreased | |||
| Jul 5, 2025 | Listed | $1,325,000 | |
| Listed | |||
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This is an absolute show stopper! FULLY FURNISHED Residence 2 plan with 6 bedrooms & 4.5 bathrooms completely upgraded. Wide plank wood tile flooring flowing into the open concept living space. Quartz and Granite counters, upgraded cabinets, 5 1/2 inch baseboards, built in fireplace, 8ft doors, and 10ft ceilings. Casita excellent for additional family or to rent out separately. Amazing air conditioned garage converted into a game room with flooring, built in refrigerator, foosball, shuffle puck, & pool table etc... This home has it all! Don't overlook the incredible private backyard perfect for entertaining. Features include newer pool & spa, Pergola covered patio, fire pit, & $10,000 worth of Sonos speakers. Orchard is approved for 5 short term rentals per year during the festivals. Perfect for a primary or secondary home with the ability to rent during festival season.
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| Sep 3, 2023 | No longer available | - | |
| No longer available | |||
| Aug 6, 2023 | In contract | - | |
| In contract | |||
| Jul 21, 2023 | Listed by Compass | $1,450,000 | |
| Listed by Compass | |||
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Welcome to The Orchard!!! Bringing you a one-of-a-kind home in this highly desired neighborhood. This Residence 2 plan with 6 bedrooms, 4.5 bathrooms has been meticulously renovated. Wide plank wood tile throughout, quartz and granite countertops throughout, 8 ft. doors, 10 ft. ceilings, updated cabinets, 5 1/2-inch baseboards, built in fireplace, air-conditioned garage and so much more. No detail was overlooked. The backyard oasis is an amazing outdoor space, perfect for entertaining and comes equipped with an outdoor BBQ, large group gathering spaces, Pergola covered patio, fire pit, and newer pool and spa. The Orchard is approved for 5 short term rentals per year during the festivals. This is an income producing property (income statement in documents) and will be perfect for someone looking to use as a primary or secondary residence with the ability to rent during festival season. Also comes Fully Furnished The manager has listed the unit size as 2995 square feet.
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About Indio
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017