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60319 Fairmount Drive
About This Property
Designed for relaxed entertaining, the home features a hot tub, fireplace, pool table, and expansive outdoor areas framed by sweeping mountain views. The oversized yard invites stargazing, gatherings, and quiet moments inspired by the creative energy Joshua Tree is known for.
Conveniently located just minutes from Mesa Market, under 10 miles to Joshua Tree Coffee Company, and approximately 10 miles to Home Depot in Yucca Valley-home of the beloved Copper Room and its iconic Mai Tais!
With Joshua Tree National Park welcoming over 3 million visitors annually and the area's short-term rental market thriving, this property offers both lifestyle and investment appeal. Contact your favorite Realtor to schedule a private showing.
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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