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0 Drake Court — Tehachapi | Belmont Brokerage | Belmont Brokerage

Active

+9 more

$89,000

732 DOM

— bd— ba— sqft

Call

0 Drake Ct Tehachapi, CA 93561

8.85acre lot

Beautiful Stallion Springs acreage, just right for your custom estate or mountain retreat! Nearly 9 acres with varied topography and lots of view opportunities. Nestled among the oaks on a small cul de sac, this excellent site has electricity and water available and is ready for your architect and your imagination. Seller is willing to carry a loan with as little as 10-25% down and amortize the balance over 15-25 years for a term of 5-7 years at a rate of (i.) 6%, or (ii.) 2% LESS THAN the current WSJ Prime Rate. OAC. *Buyer to make their own independent investigations regarding Zoning & General Plan Designations, Environmental & Hazard Zones, Access & Development Costs, Availability & Costs of Utilities.

MLS SR24072324

661-267-6007 (Office) karmen@bigvalleyrealestate.com

Est. payment

$569/mo

Principal & interestTaxesInsurance

$450$93$26

Down %

Rate %

Years

Down payment: $17,800 · Total cost: $179,812

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$569/mo

Principal & interest: $450
Est. property tax: $93
Est. insurance: $26
Down payment: $17,800

Est. gross rent$371/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-198/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Apr 11, 2024	$99,000	—

Facts & Features

Transaction Data

▼Price Reduced from $99,000 (−$10,000)

661-267-6007 (Office) karmen@bigvalleyrealestate.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

0 Drake Court, Tehachapi, CA 93561

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0 Drake Ct Tehachapi, CA 93561

About this home

Karmen Mastin

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Karmen Mastin

Sale & Tax History

No Recent Sales History

Location

0 Drake Court, Tehachapi, CA 93561

About This Property

Property Photos

Location

Listing Agent

Presented by Belmont Brokerage Inc.

0 Drake Ct Tehachapi, CA 93561

About this home

Karmen Mastin

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Karmen Mastin

Sale & Tax History

No Recent Sales History

Location