80628 Veranda Lane
About This Property
This beautifully updated 4-bedroom, 2-bath home in Indio is a true gem, offering modern upgrades and incredible potential as both a primary residence or a lucrative investment property. Fully renovated in 2022, this home blends style, comfort, and entertainment with all the features needed for a successful short-term rental.
The backyard is an entertainer's dream, featuring a **saltwater heated pool and spa**, a newly added **putting green**, and a lush **turf area**. A spacious **covered patio** makes outdoor dining and relaxing effortless. Inside, the converted garage has been transformed into a **game room**, providing an extra layer of fun for guests.
This property is a **proven money-making rental**, generating over **$117,000 in income in 2023**! It's already **fully booked from January through March** and the **first two weeks of April** for approximately **$8,000**. With **RV access** and a **driveway accommodating up to 3 vehicles**, it's perfect for large groups and travelers.
Conveniently located near world-class golf courses, the Empire Polo Club (home to Coachella and Stagecoach festivals), and other local attractions, this property offers everything visitors love about the desert lifestyle.
Don't miss this rare opportunity to own a **turnkey short-term rental** with a proven track record of success. Call today to schedule a tour of this exceptional desert retreat!
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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 |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| May 9, 2025 | Price Decreased |
$690,000
↓ $25K
(3.5%) | |
| Price Decreased | |||
| Apr 22, 2025 | Listed by Luxury Collective | $715,000 | |
| Listed by Luxury Collective | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017