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0 Mojave Dr.
About This Property
The site holds strategic importance due to its adjacency to Adelanto High School and its convenient location, being approximately ±2 miles from the ongoing construction of the Lewis Group of Companies' Adelanto Town Center project. This development will potentially add value to the site by enhancing the surrounding area and offering various amenities and services. APN 3102-061-01 fronts on Mojave Dr., a major street as listed on the City of Adelanto Circulation Plan. The site presents a promising investment opportunity given its positioning, enhancing its potential for future residential development or other relevant uses.
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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 8, 2024 | Relisted | $729,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Mar 1, 2024 | Listed by Kursch Group, Inc. | $729,000 | |
| Listed by Kursch Group, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017