1736 Chute
About This Property
Fresh interior paint, dual-pane insulated windows, dual-zone HVAC and a tankless water heater add comfort and efficiency. The solar system is fully paid off, and the garage includes a Tesla Wall Connector for convenient at-home EV charging. Additional smart-home features include four solar-powered Ring exterior cameras with HD video, night vision, two-way communication and floodlights, along with Ring interior door and motion sensors with an alarm system. Front porch and exterior house lighting are programmable, and bathroom lights and exhaust fans feature timer controls.
The front and back yards feature automatic irrigation with weather-responsive controls that can detect rain and skip scheduled watering to help prevent overwatering. The east-facing backyard overlooks the community greenbelt with no homes directly behind and enjoys refreshing afternoon breezes from the direction of nearby Diamond Valley Lake. The $120/month Saddle Point HOA provides access to the community pool and spa, clubhouse, playground, BBQ and outdoor cooking areas, and neighborhood walking trails.
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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 |
|---|---|---|---|
| Aug 12, 2026 | Listed by Keller Williams Realty | $550,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017