62950 Pinyon 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 |
|---|---|---|---|
| Sep 6, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | Listed by Compass | $380,000 | |
| Listed by Compass | |||
| Oct 8, 2024 | Relisted | $460,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| May 16, 2024 | Listed | $460,000 | |
| Listed | |||
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Nestled in the serene heights just a 20-minute drive from the desert.10.57 acres with electricity, well, storage tank & septic tank, The expansive horse property offers a unique blend of rustic charm & endless possibilities. With breathtaking mountain vistas as your backdrop, the property is perfectly equipped for both equine enthusiasts & those seeking a tranquil retreat. There is a 1-bedroom cozy & well-maintained, trailer providing a comfortable living space with all the essentials. Outdoor living spaces include an inviting outdoor kitchen, gazebo with firepit & dual outdoor bathrooms, each complete with showers, sinks, & toilets, ensure comfort & convenience amidst nature's beauty. The equestrian facilities include two spacious horse paddocks with covered area, a well-constructed round pen, & additional space tailored for goats or other animals offer ample room for your livestock to roam & thrive. The large acreage holds great promise for further development, including the potential to build a custom home & barn, making it a blank canvas for your dreams. Whether you're looking to develop the property further or simply enjoy its current array of features, this mountain retreat is a rare find. Embrace the opportunity to own a slice of paradise where peace, privacy, & possibilities abound.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017