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61104 Prescott Trail
About This Property
Inside, the home has been refreshed with a clean, modern aesthetic. The remodeled kitchen features stone counters, stainless steel appliances, and generous cabinetry, opening to the dining area with large windows and sliding doors that connect easily to the backyard patio. The living room centers around a distinctive freestanding fireplace with a geometric tile surround, creating a comfortable focal point for the space.
Additional highlights include recessed lighting, updated flooring, and owned solar. The layout flows easily between indoor and outdoor spaces, making the home well suited for everyday living, entertaining, or weekend escapes.
Located in the unincorporated community of Joshua Tree, the property is within easy reach of Joshua Tree National Park, the shops and restaurants of Joshua Tree Village, and the weekly farmers market. Pioneertown and Pappy & Harriet's are also a short drive away, along with hiking trails and open desert landscapes throughout the Morongo Basin.
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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 |
|---|---|---|---|
| Jul 2, 2026 | Sold | ||
| Sold | |||
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| Mar 9, 2026 | Listed by Cherie Miller & Associates | $678,000 | |
| Listed by Cherie Miller & Associates | |||
| Feb 9, 2024 | No longer available | - | |
| No longer available | |||
| Jan 13, 2024 | Price Decreased |
$815,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017