15291 Faubion TRL
About This Property
The open floor plan of this 2 bedroom / 1 bath home has endless possibilities starting with the window-filled family/dining room area.
The laundry closet is conveniently located and the kitchen has ample storage. The attic in the home provides approximately 8'x14' in additional storage.
The multiple outbuildings provide office or gym space and tons of storage. The first outbuilding, located near the home, has a mini split and can be used for an office (Starlink is available in this area), gym, she shed or man cave. There is also a loft for climate-controlled storage. The second outbuilding is perfect for more storage or gardening supplies. The 10'x12' well house has additional room for storage, while also holding has a 2500-gallon storage tank. Well water goes directly into the storage tank, then a second pump sends water from tank into the home.
Unique extras:
Water can be drained from house pipes, which comes in handy if you will be away in the winter; the property includes a gravel pad for storing an RV.
Future expansion possibilities:
Power and gravity-fed septic were sized/designed for expansion; breaker panel already has an extra panel if you choose to build another home [see documents to confirm size requirements]; home also has an electrical stub out in attic for future addition; can be used for
external 30A or 50A hook-up.
This quaint home is just the start of what is possible on this awesome acreage. Gaze at the stars and shoot for the moon.
NOTE: Additional information about septic is included in documents.
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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 |
|---|---|---|---|
| Mar 9, 2024 | In contract | - | |
| In contract | |||
| Feb 29, 2024 | Listed by Schaible Realty | $425,000 | |
| Listed by Schaible Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017