72535 Cactus 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%.
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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 |
|---|---|---|---|
| May 5, 2023 | No longer available | - | |
| No longer available | |||
| Apr 24, 2023 | In contract | - | |
| In contract | |||
| Mar 18, 2023 | Relisted | $240,000 | |
| Relisted | |||
| Feb 4, 2023 | Listed by Madelaine LaVoie | $240,000 | |
| Listed by Madelaine LaVoie | |||
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Talk about charm! Come see this move in ready, fully furnished, and well loved mid-century home on a safe and quiet street in 29 Palms. It comes with 2 patios, solar, + hot tub! Enjoy beautiful views of the mountains from your backyard set only 10 minutes from Joshua Tree National Park, 15 minutes to Joshua Tree + the military base, and 20 minutes to Yucca Valley. This house is walking distance to doctors offices, schools, restaurants, groceries, gym, and pharmacy + only a 2 minute drive to Downtown 29 with the Farmer's Market, gift stores and new restaurants. Twentynine Palms is up and coming and it's a great time to invest in this town. Primarily West Elm furnished this one bedroom comes with a carport + bonus studio that could be used for art or as an office. All of the appliances are included in the sale including an eco friendly all-in-one washer/dryer, eco friendly portable dishwasher, $400 moccha master coffee maker, brand new telescope, and so much more! Nearly everything in this house has been replaced since 2020: lighting, fencing, patio flooring, electric, plumbing, septic, roof, solar, indoor flooring, bathroom, countertops, water heater, splits, and appliances (except for oven and microwave which still work great). All work has been done professionally and can provide receipts. Solar panels bring the electric bill to zero. Hot tub was purchased in 2022 and only used a few times. Home also comes with nest lock and security with 2 moveable cameras. Freshly painted interior and exterior ready for it's new owner, come check out this desert paradise at a great price! Come join the Hi-Desert Renaissance. The manager has listed the unit size as 504 square feet.
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| Jun 26, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017