1355 Franklin Lane
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 2, 2026 | Sold | ||
| Sold | |||
| Apr 25, 2026 | In contract | - | |
| In contract | |||
| Apr 8, 2026 | Listed by Bernd Brokerage | $799,500 | |
| Listed by Bernd Brokerage | |||
| |||
|
Welcome to your own private slice of Ramona paradise—where comfort, charm, and wide-open space come together in perfect harmony. Nestled on a flat, usable half-acre in the heart of town, this beautifully updated single-story home invites you to slow down, spread out, and truly enjoy the lifestyle you’ve been dreaming of. Step inside to a light-filled, open-concept layout designed for both everyday living and effortless entertaining. The spacious living room is the heart of the home, featuring a stunning brick, wood-burning fireplace. LED lighting throughout and fresh exterior paint add a modern touch, while the all-electric appliances, heating, and A/C provide efficiency and ease. Don't worry about energy bills with the OWNED SOLAR panels. Outside, the possibilities are endless. The expansive backyard is built for entertaining, complete with a large patio and propane fire pit—ideal for gatherings, celebrations, or quiet evenings under the Ramona sky. There’s ample room for RVs, trailers, and all your toys, including FULL RV HOOKUPS and a 10’ x 25’ reinforced concrete pad. Retreat to your serene primary suite, where your own private patio awaits. Imagine unwinding under the stars with a glass of wine, warmed by the glow of your wood-burning fireplace—your personal sanctuary at the end of each day. Zoned for horses, small farm animals, this property offers the freedom to create your own mini ranch, homestead or simply enjoy the space and privacy. But don’t miss the charming, mature grapevine—producing delicious fruit each August, a sweet reminder of the land’s character!
| |||
| Oct 15, 2025 | Price Decreased |
$785,500
↓ $14K
(1.8%) | |
| Price Decreased | |||
| Jul 25, 2025 | Price Decreased |
$799,500
↓ $30K
(3.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017