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15620 Ramona
About This Property
Every major system has been replaced. New HVAC, new water heater, and a brand new septic system installed within the last 60 days. The kitchen is new. The bathrooms are new. Interior and exterior paint are both fresh. The expensive work that most buyers dread is already finished.
The layout works for real life. A large family room and separate formal living room give you flexible space for everyday use and entertaining. The dining area connects naturally to a kitchen built around function, with clean countertops, modern fixtures, and storage that makes sense. The primary suite has its own updated bathroom and room to spread out. Three additional bedrooms and two more full bathrooms handle family, guests, or multigenerational setups without compromise.
Step outside and the one acre lot speaks for itself. Flat, usable space with room for RV parking, a workshop, toys, animals, or future additions. No HOA means no permission slips and no monthly fees. No shared walls. Just your property and your decisions.
An attached two car garage, indoor laundry room, and wood burning fireplace cover the essentials. The location puts you on a quiet residential street with shopping, schools, and daily conveniences nearby, while still delivering the kind of space and privacy that draws people to the High Desert in the first place.
Fully renovated, every major system replaced, and sitting on a full acre in an established Apple Valley neighborhood. Eligible for $10,000 forgivable loan (no payments, no interest) to cover closing costs, rate buy-down and/or down payment. 100% financing available with NO MI
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017