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82038 5th Street
About This Property
The home itself has been well kept and is in solid condition, making it an excellent option for a first-time buyer looking to step into homeownership without stretching the budget. The layout is practical and efficient, offering a cozy interior that feels welcoming and functional from day one. Whether you're planning to live in it full time or use it as a second property, the move-in ready condition means you can focus on enjoying the space rather than tackling major projects.
The property has a large detached garage!
The oversized 0.42-acre parcel opens the door to endless possibilities. There is room for additional parking, storage, desert toys, trailers, RV setups, or even future expansion. For buyers who love off-roading, camping, or weekend desert adventures, this property makes the perfect basecamp. Load up the bikes, ATVs, or side-by-sides and head straight out into the surrounding open terrain that makes Trona such a unique and sought-after destination for outdoor enthusiasts.
Location is another major advantage. Positioned near the entrance of Trona, the property benefits from strong visibility and easy access in and out of town. Just a short drive away is Ridgecrest, where residents handle their shopping, dining, entertainment, and major services. You get the quiet, open desert lifestyle while remaining conveniently close to everyday essentials.
Financing options include FHA, Conventional, USDA, and VA loans, making this home accessible to a wide range of buyers. Seller financing may also be considered with a larger down payment, offering additional flexibility for those seeking creative purchasing solutions.
With its large lot, solid condition, strategic location, and strong lifestyle appeal, 82038 5th St presents tremendous value and potential at an attractive price point. Opportunities like this don't last long in a market where land, location, and affordability rarely align so well.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| Feb 6, 2026 | Listed by Rise Realty | $75,000 | |
| Listed by Rise Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017