58159 Spring Drive
About This Property
The front yard of the home is currently a blank canvas for you to imagine your desired landscaping and customize the curb appeal to your desired tastes. The back yard is fully fenced with custom front facing steel gates installed by the current owner on either side of the home. And on the side of the house is an enclosed RV parking. Close to great shops, restaurants and schools the location is great. It is also a great jump off point for exploring the high desert and surrounding points of interest. It is just about a 10 minute drive to eclectic Pioneer Town as well as other great places right in Yucca Valley to lounge or dine like The Copper Room, Snakebite Grill, The Tiny Pony and so much more locally. Living here you are less than a 15 minute drive to Downtown Joshua Tree with its own great venues and markets. And only 15 minutes to the main entrance to Joshua Tree National Park with its endless hiking, climbing and sightseeing opportunities and adventures. Come take a look at this great home and make this your place.
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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 |
|---|---|---|---|
| Jan 28, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Oct 29, 2024 | Price Decreased |
$389,900
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Oct 7, 2024 | Relisted | $394,900 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017