48820 Renewal St
About This Property
Welcome to resort-style living in one of Indio's most desirable gated communities, ideally located near the Coachella and Stagecoach festival grounds, world-class golf, tennis, and everything the desert lifestyle has to offer.
This expansive 6-bedroom, 5-bath residence spans 3,225 sq ft on an oversized 13,068 sq ft lot and includes a detached casita-a highly sought-after feature that adds flexibility for multigenerational living, guest privacy. This home earns $260k in short-term rentals a year. The versatile floor plan also allows for the potential addition of a 7th bedroom and an additional half bath, maximizing future value.
Designed for entertaining and group stays, the backyard is a true oasis featuring a private pool and spa, built-in BBQ, putting green, outdoor gas fireplace, firepit lounge, and generous space with room to add a pickleball court. A three-car garage offers ample parking or the opportunity to create a standout game room.
Offered turn-key and vacation-rental ready, this property is well-suited for cost-segregation and accelerated depreciation strategies, making it an exceptional opportunity for buyers seeking strong lifestyle appeal paired with compelling investment potential.
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
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017