0 GEORGE
About This Property
DO YOUR DUE DILIGENCE. VISIT THE CITY OF BANNING PLANNING DEPARTMENT TO DISCOVER ALL THE POSSIBILITIES FOR BUILDING THAT THEY WILL ALLOW. SUCH A LARGE LOT IT COULD POSSIBLY BE SUBDIVIDED INTO TWO LOTS. BUYER TO CONFIRM CONDITION, ZONING, SUITABILITY OF PROPERTY.
*Fence at rear of property was not installed by the seller and appears to not be placed correctly on the lot line.
Buyer to verify ALL aspects of the property.
** The property line does not go all the way to the next house on the east side. There is a approximately 30 foot driveway owned by Banning Unified giving them access to the lot they own behind this property.
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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 |
|---|---|---|---|
| Oct 30, 2024 | Sold | ||
| Sold | |||
| Oct 10, 2024 | In contract | - | |
| In contract | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 30, 2024 | Listed by Better Homes & Gardens R.E. Oak Valley | $99,000 | |
| Listed by Better Homes & Gardens R.E. Oak Valley | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017