76785 Sullivan 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 |
|---|---|---|---|
| Feb 19, 2025 | Sold | ||
| Sold | |||
| Dec 22, 2024 | Listed by Cherie Miller & Associates | $235,000 | |
| Listed by Cherie Miller & Associates | |||
| | |||
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Genuine Peace and Quiet. This charming two bedroom, one bathroom home awaits your arrival. If you are looking to get away from the madding crowd, this sanctuary is for you. Set on the southern side of amazing, Wonder Valley, beyond the Airport, it is near to the pavement of Highway 62 and ten minutes to Downtown 29 Palms. But it is set far enough back from that road for you to feel like you're in the middle of nowhere. This is for those sick of the rush hour traffic, the pushing and shoving at the grocery store and the general stress of city living. This small but mighty home is sunny and inviting with plenty of homey warmth for you to settle into at the end of a long day. A country kitchen, laminate flooring, wall mounted AC units it combines comfort and rustic charm. Not to mention the gorgeous front porch where you can sit and watch Mother Nature move the sun, moon and stars for your enjoyment as light moves over the nearby mountains. Wonder Valley is a Dark Sky area and the stargazing here is unbeatable. With a fully detached garage that could be an amazing workshop and a bonus storage area, this home is a wonderful Mojave escape from the ordinary. With high speed Starlink for internet, you can enjoy the 21st century while enjoying the spectacular beauty of the Hi-Desert. Just 15 minutes to Joshua Tree National Park's entrance, close to local amenities like the JTNP Visitor Center, Freedom Plaza, local restaurants and shopping as well as the Farmers Market. Many parcels nearby are government owned, thus unlikely to be ever used for new construction. If you are looking for real peace and quiet, you've come to the right place.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 15, 2020 | In contract | - | |
| In contract | |||
| Apr 9, 2020 | Price Decreased |
$174,500
↓ $5K
(3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017