81107 Carefree Drive
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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 |
|---|---|---|---|
| Oct 23, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Jul 2, 2025 | Listed by BPO Homes | $2,000,000 | |
| Listed by BPO Homes | |||
| Feb 27, 2025 | Listed | $2,200,000 | |
| Listed | |||
| | |||
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Welcome to a rare opportunity to own a top-performing short-term rental investment in one of the desert's most sought-after communities. This fully furnished 6-bedroom, 5-bathroom estate spans 3,446 sq. ft. and has been thoughtfully upgraded with over $300,000 in enhancements--setting the stage for a projected annual rental income of $300,000 to $400,000.Designed for both elegance and entertainment, the home features a sleek glass wall that opens to a south-facing backyard paradise. Enjoy a saltwater pool and spa, a built-in BBQ island, firepit lounge, mini-golf course, and an outdoor sound system--all curated for unforgettable guest experiences and high occupancy rates.Inside, the ambiance is just as impressive. The open-concept great room features a designer bar, fireplace, and surround sound, while the newly remodeled chef's kitchen includes a gas range, double ovens, and generous prep space. The 3-car garage has been transformed into a vibrant arcade/game room, offering extra appeal for group bookings and maximizing rental value.The spacious primary suite is your private retreat, complete with a spa-inspired bathroom featuring a soaking tub, rain shower, and custom walk-in closet.Located just minutes from world-renowned events like Coachella, Stagecoach, BNP Paribas, and PGA golf tournaments, this property is ideally positioned for strong year-round demand. Whether you're looking to grow your portfolio or own a luxury escape with exceptional ROI, this is your chance.Schedule a private tour today and secure your place in the booming short-term rental market!
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| Apr 3, 2022 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017