20395 Murieta Street
About This Property
Discover this beautiful 3.07-acre vacant lot situated in one of the most sought-after areas of Apple Valley, surrounded by custom-built homes. Enjoy the perfect balance of peaceful rural living with convenient access to major routes - just minutes from Stoddard Wells Road and the I-15 Freeway.
This property is located approximately 2 miles from the future Brightline West High-Speed Train Victor Valley Station, offering incredible potential for growth and long-term value.
Zoned AV/RL (Apple Valley / Rural Living), the lot allows for a variety of uses, making it ideal for building your dream home or future investment. Power lines are nearby on Murrieta and Langley.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017