61774 Terrace Drive
About This Property
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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 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 9, 2021 | In contract | - | |
| In contract | |||
| Mar 21, 2021 | Listed | $319,900 | |
| Listed | |||
| | |||
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Beautiful home in one of the Hottest areas of the Hi-Desert! Located in the north Joshua tree Village this large 1,484 square feet 2 bedroom 2 bathroom home is right in the heart of where everything is happening! Within walking distance to local shopping, dining, the saloon, and just a short drive to the famous Joshua Tree National Park you just can't get it any better! Walking through the front door will get a sense of the pride of ownership due to this well cared for home. Tasteful tile flooring flows through the spacious living room into the dining area and right into the kitchen with granite countertops, plenty of cabinets, dishwasher ,stainless steel oven, and refrigerator. Each bedroom has plenty of space and the large master bedroom features a barn door with a spacious remodeled master bathroom, walk in shower, tasteful tile, vanity, and stack able washer/dryer! This property also comes with an extra bonus room which can be used as an office or whatever you turn it into! The backyard is made private with masonry fencing and looks like the perfect spot for a jacuzzi/spa! Additional features include Central Heating/Air, Evaporative Cooling, Dual Pane Windows, Large Guest Bathroom with bathtub, ceiling fans, and 2 car garage! This property isn't going to last long! Book your tour today! The manager has listed the unit size as 1484 square feet.
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| Sep 5, 2013 | Sold | ||
| Sold | |||
| Aug 5, 2013 | Listed by RE/MAX Consultants | $79,900 | |
| Listed by RE/MAX Consultants | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017