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61394 Latham Trail
About This Property
The home features an open living and dining area with French doors leading to a large shaded deck designed to take in the surrounding mountain views. The kitchen includes a pantry and double oven, with a dedicated laundry room connecting directly to the 2-car garage. The large primary suite also opens to the deck through sliding doors and includes a spacious bathroom with double sinks and a beautiful tiled walk-in shower.
Outdoor amenities include an in-ground pool, spa, sunken propane fire pit, outdoor shower, electric car charger, and multiple areas for lounging, entertaining, and enjoying the desert landscape. The expansive 1.26-acre lot offers room for future expansion, a pickleball court, additional outdoor amenities, or whatever your imagination calls for.
With its location, views, layout, and resort-style outdoor spaces, this property has excellent potential as a primary residence, second home, or short-term rental investment.
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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 |
|---|---|---|---|
| Jun 22, 2026 | Listed by Joshua Tree Modern | $699,000 | |
| Listed by Joshua Tree Modern | |||
| Mar 8, 2022 | No longer available | - | |
| No longer available | |||
| Jan 27, 2022 | In contract | - | |
| In contract | |||
| Jan 20, 2022 | Price Decreased |
$599,900
↓ $25K
(4%) | |
| Price Decreased | |||
| Jan 15, 2022 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017