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61714 Alta Mesa Drive
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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%.
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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.
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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 16, 2026 | Listed by eXp Realty of California, Inc. | $385,000 | |
| Listed by eXp Realty of California, Inc. | |||
| Jan 22, 2019 | Sold | ||
| Sold | |||
| Aug 30, 2018 | Listed by Joshua Tree Modern | $199,000 | |
| Listed by Joshua Tree Modern | |||
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This is a young, well built house up on the hill with views forever! It is located just 6 minutes from Joshua Tree National Park, yet it is close to town and still feels very rural and quiet. The house has AC and evaporative cooling and central heat. It has dual pained windows and tile floor throughout. It also has a finished 2 car garage with lots of 220V and a laundry area. There is a covered patio with a swing and fire pit. The yard is fully fenced, including a separate fenced patio area and RV parking place. The house is located on a corner lot with no neighbors on either side and has native vegetation.
If you love the high desert and enjoy Joshua Tree National Park, you will love the location of this property. This house would be great for a family who is looking for their first affordable home and would like to live in a nice area of Joshua Tree. It would also make a great long term rental investment or better yet, turn it into a vacation rental through Airbnb! Joshua Tree National Park had 2.8 million visitors in 2017 and that number is expected to increase based on visitation records. Don’t miss this opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017