61624 Mercury Drive
About This Property
-23 mins from Joshua Tree National Park
-Great Camping Spot for Nearby Park Lovers
-One Hour from Big Bear and Palm Springs
-21 mins to Walmart, Starbucks, & Yucca Valley shops
-Public Road Frontage
-Flat & Buildable: Two Lots for Two Homes!
-Priced about 31% Below Market
PROPERTY: This 4.2 acre property, located just 23 minutes from Joshua Tree National Park, offers an ideal setting for residential or recreational use. The land is mostly cleared with light brush and features flat topography, making it highly buildable with no floodplain concerns. Best of all, since this offering is actually comprised of two 2.1 acre lots, you can actually build two homes here! It boasts 281 feet of frontage on both Jupiter Drive and Mercury Drive, plus 562 feet on Conejo Avenue, all public roads. Utilities such as power are nearby, though a well and septic system will need to be installed. There are no deed restrictions, allowing for flexible use, including mobile homes. The neighborhood is sparsely populated, ensuring a peaceful home base from which to launch your outdoor adventures. Enjoy proximity to Yucca Valley's amenities and the natural beauty of Joshua Tree National Park and the San Bernardino mountains.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 19, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Nov 17, 2024 | Price Decreased |
$19,900
↓ $2K
(9.1%) | |
| Price Decreased | |||
| Oct 10, 2024 | Relisted | $21,900 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017