$209,000
●
House -
Off Market
7217 Olympic Road
Joshua Tree, CA 92252
2 Beds
1 Bath
875 Ft²
$332,812
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model
About This Property
Escape the city life, sip cocktails in the sun by day and witness
the immense star filled skies by night, all from your private
courtyard with spa. This fully furnished, successful Air BNB that
commanded up to $150 per night on weekdays and $250 per night on
weekends, is now available for sale. It could continue to be your
Air BNB, a fantastic weekend getaway or your primary residence!
This home has a remodeled kitchen, stained concrete floors, a roof
that is approx 6 years old and it has central heat / air (natural
gas). Inside is in pristine condition. It comes fully furnished
including the washer/dryer, refrigerator, oven, microwave and spa.
Outside you will find mature Joshua and Mesquite Trees. This home
is located just minutes from Joshua Tree National Park and from the
downtown area. Don't wait too long to view this one!
Unit Size
875 Ft²
Days on Market
53 days
Land Size
0.41 acres
Price per sqft
$250
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (CRMLS #JT18278858)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 18, 2019 | Sold | ||
| Sold | |||
| Nov 26, 2018 | Listed by Associated Brokers | $219,000 | |
| Listed by Associated Brokers | |||
Property Highlights
Air Conditioning
Fireplace
Garage
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Joshua Tree
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Larry Parent, Associated Brokers
Last Updated: 4 months ago
Data Source: CRMLS, MLS# JT18278858
Last Updated: 4 months ago
Data Source: CRMLS, MLS# JT18278858
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