928 Derstine Rd Lot 2
About This Property
Key Features: Ideal for residential, farming, or investment use. Multiple tracts available (each 10+ acres). Stunning views of the Mulberry Canyon Mountains. Quiet, peaceful location with minimal noise. Sun Water Co-Op available for tracts facing CR 378; other lots will need a well (4 test drills have confirmed water presence). All lots have road access. Electricity is available along the road. Minimal deed restrictions means tons of flexibility. We do not own mineral rights. Buyer should verify Sun Water Co-Op access for county road-facing lots. Detailed information on water testing, survey & deed restrictions are available in Transaction Desk or by request. This is your chance to own a slice of nature with so much potential.
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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 |
|---|---|---|---|
| May 27, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| May 15, 2025 | Price Increased |
$68,999
↑ $7K
(10.7%) | |
| Price Increased | |||
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Feb 4, 2025 | Listed by KW SYNERGY* | $69,999 | |
| Listed by KW SYNERGY* | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017