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6051 Morongo Road
About This Property
Don't miss this great investment opportunity! This 3-bedroom, 1-bathroom manufactured home is priced for a quick sale and offers plenty of potential. Previously used as a rental, the property needs some TLC but has all the essential utilities already in place to help you get started.
Features include a 1-car garage and a convenient location in the downtown area of 29 Palms. The home is connected to Edison electricity, city water, and a septic system.
Whether you're looking for your next rental property, a fix-and-flip project, or an affordable home to renovate, this property is full of possibilities. Bring your vision and make it your own!
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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 5, 2026 | Sold | ||
| Sold | |||
| Aug 28, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Listed by Libby's Realty | $85,000 | |
| Listed by Libby's Realty | |||
| May 2, 2025 | Price Decreased |
$115,000
↓ $10K
(8%) | |
| Price Decreased | |||
| Mar 7, 2025 | Listed | $125,000 | |
| Listed | |||
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Check out this investor special ready for your artistic touch. This home has been a Rental, and needs some love, but has all of the essential to get started. 3 Bedroom/1 Bathroom manufactured home with a 1 car garage, in the well know location of Chocolate Drop.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017