Lot 1908 Rose Pass
About This Property
The property is already approved for a 1-bedroom septic system, saving you time and effort as you plan your build. The property will need a well. With the growing demand for vacation rentals in this area, this lot presents an excellent investment opportunity-perfect for building your own income-producing overnight rental or permanent home.
Enjoy paved road access, community-maintained roads, and the natural beauty of mature trees and mountain surroundings. Whether you're looking to create a personal escape or a profitable short-term rental, this property provides the ideal foundation for your vision.
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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 |
|---|---|---|---|
| Sep 7, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 7, 2026 | Price Decreased |
$40,000
↓ $2K
(4.8%) | |
| Price Decreased | |||
| Apr 10, 2026 | Price Decreased |
$42,000
↓ $2K
(4.6%) | |
| Price Decreased | |||
| Jan 17, 2026 | Price Decreased |
$44,000
↓ $2K
(4.4%) | |
| Price Decreased | |||
| Dec 4, 2025 | Price Decreased |
$46,000
↓ $1K
(2.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017