6567 Cactus Jack Avenue
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 |
|---|---|---|---|
| Jul 1, 2022 | Sold | ||
| Sold | |||
| Mar 16, 2022 | Listed by HK Lane Real Estate | $144,999 | |
| Listed by HK Lane Real Estate | |||
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Are you looking for a great escape property to the beautiful and increasing popular High Desert area? Well look no further, here is the adorable Cactus Jack! This historic homesteader cabin was built in 1957 and updated with a number of modern day amenities including a flushing toilet, hot shower, refrigerator and much more. Off-grid solar panels and regularly delivered propane power the lights, accessories and utilities that include a space heater and water heater. Power pole sits at the edge of the property so upgrading to electric would be very possible. Local water truck delivery service supplies a 2,800 gallon water tank (cost to fill approx. $110). French doors open to the back porch where you can sit back and enjoy dramatic desert and mountain views. Window A/C unit is also included in purchase. Just a short drive (4.5 Miles) to the second Entrance to Joshua Tree National Park, shops, bars. and restaurants. One of the neighboring property is the Glass Outhouse Art Gallery which is a absolute treat to visit. Great opportunity to own a pristine piece of property in the booming high desert. The potential for this property is endless with ample room to expand. Access/easement road is well marked and in good shape so access to property is easy and close proximity to Hwy. 62. Great escape from City living and all at a very reasonable price. Great investment opportunity and offered turn key furnished. All CASH purchase; no financing available.
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| May 22, 2018 | Sold | ||
| Sold | |||
| Apr 16, 2018 | Listed by Joshua Tree Modern | $69,000 | |
| Listed by Joshua Tree Modern | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017