58855 Piedmont Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 5, 2024 | No longer available | - | |
| No longer available | |||
| Apr 22, 2024 | Price Decreased |
$675,000
↓ $20K
(2.9%) | |
| Price Decreased | |||
| Jan 30, 2024 | Listed by O'Donnell Real Estate | $695,000 | |
| Listed by O'Donnell Real Estate | |||
| | |||
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Incredible Opportunity to own one of the most desirable properties to come to market. “The Jellystone Lodge” is a chic designed 3 Bedroom 2,772 Sq Ft. single level home that perfectly collides the colorful expression of Palm Springs fashion with the natural, star gazed ambience of Hi-Desert Living. This property is an ACTIVE highly sought after Short-Term Rental (STR) with permits, management, and systems already in place. The new owner has options to continue to operate as a STR, move in as a primary home, or enjoy as a peaceful second home. Located in the prestigious Upper Sky Harbor area which is blocks from Joshua Tree National Park Black Rock Campground. This home has been completely remodeled with the finest attention to detail. As you walk into the home the large living room is the center of attention with wood beamed vaulted ceiling, desert rock fireplace (electric) surrounded with a mosaic tile design, and a glass slider that opens to the backyard. The chef inspired kitchen has top of line appliances including a stainless steel 5 burner gas stove with matching hood, craftsman cabinets, quartz countertops, “waterfall” style island with electrical, two sinks, and breakfast nook. The formal dining room has multiple sliding glass doors that allow natural light and provide indoor/outdoor living. Massive primary bedroom includes two walk-in closets plus an attached reading/workout room lined with windows and private spa access. Primary bathroom has dual sinks, standalone luxury tub, and separate glass enclosed shower. The two additional bathrooms are both finished with designer quality fixtures and subway tile lined showers. The outdoor space is perfect for entertaining with a covered patio and tile lined flooring which leads to the Hot tub and a separate 8ft. Cowboy Tub that can be used for cooling off in desert heat or morning cold plunge. The private laundry room leads to the polished floor two car garage. Horseshoe driveway allows for plenty of parking and double side yard access fully fenced with gates. Private and secluded location, yet minutes from town, shopping, and national parks. This home is the ultimate Hi-Desert Property nestled in the scenic foothill of Little San Bernadino mountains. The manager has listed the unit size as 2772 square feet.
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| Dec 22, 2020 | Sold | ||
| Sold | |||
| Jul 6, 2020 | Listed by BHGRE - Leaskou Partners | $385,000 | |
| Listed by BHGRE - Leaskou Partners | |||
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About Yucca Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017