7150 Stony Crest Road
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 |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Jan 23, 2025 | In contract | - | |
| In contract | |||
| Dec 10, 2024 | Listed by Compass | $1,495,000 | |
| Listed by Compass | |||
| Jul 8, 2017 | Listed | $895,000 | |
| Listed | |||
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Called "Rockbound", this special property was started in 1954 by Helen and Everett Gray who were true pioneers in post war Joshua Tree. Nestled amongst massive boulders with magnificent views out over the Joshua Tree desert and across the valley beyond, this property is truly a compound. Composed of a main house, guesthouse, pool with pavilion all set in mature gardens of desert landscaping where quail dart about from bush to bush. There is always something to delight the eye as you wander around the land or climb the many boulders. The main house features two bedrooms and two baths plus an office. The cozy one bedroom guesthouse has its own kitchen and bath. Located adjacent to Joshua Tree National Park Wilderness Area, there are many hikes available right outside your door. Just minutes to downtown Joshua Tree and the national park entrance, the property would make an excellent full time or second home with fantastic vacation rental potential as well. The manager has listed the unit size as 2000 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017