48808 Meandering Cloud Street
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| May 14, 2025 | Listed | $2,300,000 | |
| Listed | |||
| | |||
|
This fully renovated, high-performing short-term rental is a guest favorite and an exceptional investment opportunity--located within walking distance to the world-renowned Coachella and Stagecoach music festivals. Designed with maximum guest appeal and revenue potential in mind, this 6-bedroom, 4-bath home consistently delivers top-tier occupancy and rave reviews across Airbnb and VRBO. The expansive resort-style backyard is a major draw, featuring a custom pool and spa with waterslide, 6-hole putting green, full-size pickleball court, outdoor firepit, BBQ island with bar seating, lounge areas, and a 65'' outdoor Smart TV. Inside, the home has been fully updated with a designer kitchen complete with floating shelves, waterfall counters, and high-end appliances. All bedrooms and bathrooms have been stylishly renovated, with the addition of a new bedroom to increase guest capacity. A cozy reading nook adds charm, while the garage has been transformed into an entertainment haven with epoxy flooring, arcade games, poker table, and multiple game stations. Key upgrades include leased solar , a Tesla charger, new ceiling fans, a freshly painted garage door, and a completely overhauled landscape and pool system. The property is offered furnished & is an income-generating asset with a proven track record and standout amenities that command premium nightly rates. Ideal for any investor looking to capitalize on one of the Coachella Valley's most in-demand short term rental communities .
| |||
| Nov 8, 2021 | Sold | ||
| Sold | |||
| Sep 6, 2021 | Listed by HomeSmart | $1,800,000 | |
| Listed by HomeSmart | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Indio
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$7,500 /mo
- 3 Beds
- 3 Baths
- 1,830 ft²
$7,500 /mo
- 3 Beds
- 2 Baths
- 1,494 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017