15790 Highway 9
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 12, 2021 | No longer available | - | |
| No longer available | |||
| Apr 17, 2021 | Listed | $699,000 | |
| Listed | |||
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Updated 4BD 2BA split-level home with an original vintage detached 2-car garage that serves as a workshop/shed with no concrete slab, off-street parking for 4+ cars. Nearly $200,000 into repairs and improvements invested by current owners in 2019. The quiet and serene 1/3 acre lot has flat and sunny fenced yards, a front and rear porch overlooking the San Lorenzo River, you will find there is plenty of space to play and grow. The spacious living room vaulted open-beam ceilings, a cozy gas fireplace, and sliding glass doors to the front deck. The well equipped kitchen has great storage, eat-in dining area. Previously 3-units with a detached duplex that burned down in 2013. Preliminary feasibility determined the ability to rebuild the duplex per County Zoning Code 13.10.262(A)6 providing "reconstruction of a legal nonconforming structure after a catastrophic event is allowed..." within 10 years. Buyer to verify. Floors are uneven. Recent bank appraisal valued property at $800,000. The manager has listed the unit size as 2156 square feet.
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| May 25, 2018 | Listed by TSG Premier Realty | $337,500 | |
| Listed by TSG Premier Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017