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59369 Onaga
About This Property
Situated in Covington Flats, one of the High Desert's best-kept secrets, this property is a short drive from shopping, dining, and the famous Joshua Tree National Park. It's also within hiking distance of the Covington Flats trails, known for some of the park's largest Joshua trees, junipers, and pinyon pines, making this location ideal for anyone drawn to the Hi-Desert and the Joshua Tree areas stunning natural beauty.
Standing on this beautiful piece of land, you'll begin to envision your ideal desert home, with plenty of space to bring your ideas to life. With water and power at the street, access to utilities can help simplify the development process, while the potential to subdivide offers added flexibility for future plans, subject to county approval. Call today before this rare property is gone!
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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 |
|---|---|---|---|
| Oct 13, 2026 | Listed by Cherie Miller & Associates | $124,900 | |
| Listed by Cherie Miller & Associates | |||
| Sep 27, 2019 | No longer available | - | |
| No longer available | |||
| Apr 4, 2019 | Relisted | $119,900 | |
| Relisted | |||
| Feb 11, 2019 | No longer available | - | |
| No longer available | |||
| Aug 8, 2018 | Listed | $119,900 | |
| Listed | |||
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Beautiful 5 acre Lot in South Joshua Tree with water and power at the street! Gorgeous views of mountains, rocks, boulders, and lush Joshua tree's! This is a prime location and won't last long!
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About Joshua Tree
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017