8710 La Contenta 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 |
|---|---|---|---|
| Jun 19, 2020 | Sold | ||
| Sold | |||
| Apr 21, 2020 | Listed by Compass | $375,000 | |
| Listed by Compass | |||
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Welcome to Joshua Tree Tower and Cabin. This magical 2 acre property consists of an historic almost 100 year old water tower and a brand new one bedroom cabin that seems like it was always there. Created by the incredibly talented design/build firm Hundred Mile House, the cabin is a modern yet rustic getaway that blends beautifully into the dramatic environment. An open plan great room of living/dining/kitchen provides a convivial respite after a days hiking nearby. The cabin is located adjacent to the Covington Flats area of Joshua Tree National Park where some of the oldest Joshua Trees are. Take a climb up into the former water tower where panoramic views of the surrounding park and desert await and the nighttimes are sublime. Come experience this unique and historic desert home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017