18
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61830 Highland Drive
About This Property
Located close to downtown Joshua Tree, you'll enjoy easy access to local restaurants, art galleries, and live music venues, along with community favorites like the Joshua Tree Music Festival and weekly Farmers Market. Just a short drive from the west entrance of Joshua Tree National Park, this property combines the tranquility of open space with the creative energy of one of the desert's most vibrant communities.
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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 |
|---|---|---|---|
| Sep 24, 2026 | Listed by Cherie Miller & Associates | $45,000 | |
| Listed by Cherie Miller & Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017