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About This Property
Whether you're looking to build now or invest for the future, this property offers excellent potential in a rapidly developing area. Surrounded by mountain views and open skies, this parcel provides the space and flexibility to create the lifestyle you've been looking for.
Don't miss this opportunity to own land in one of the High Desert's most desirable and expanding communities!
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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 |
|---|---|---|---|
| May 18, 2026 | Listed by Keller Williams High Desert | $149,000 | |
| Listed by Keller Williams High Desert | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017