11048 Meteor Way
About This Property
Located just minutes from Cougar Buttes, a world-renowned destination for off-roading and rock climbing enthusiasts, this property is perfect for those who love outdoor adventure. Big Bear is just 30 minutes away, and Johnson Valley - home to the famous King of the Hammers off-road event - is only 25 minutes from your doorstep. You'll never be short on activities, whether it's exploring the rugged terrain or attending exciting events.
The seller is motivated and has priced this property to sell quickly. Don't miss out on this amazing opportunity to own a piece of land in one of the most desirable locations for outdoor enthusiasts!
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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 |
|---|---|---|---|
| Feb 4, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | Listed by Oasis Realty Group Inc | $310,000 | |
| Listed by Oasis Realty Group Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017