17975 Morgan Valley Road
About This Property
From the top of the property, there are clear views of Clearlake and Mount Konocti in the backdrop. A seasonal creek runs along part of the property, adding a touch of nature.
Beyond the main house, there's a permitted manufactured home that's been converted into a workshop as well as another structure which is a 1-bedroom manufactured home, although not permitted. For utility management, there are separate power meters for the main house, workshop, and well.
On the front of the property there's a fenced garden area and very well done chicken coop. Roads have been cut throughout the property, including one leading to the hilltop, which would be an amazing spot for future development! Despite its spacious and rural feel, the property is just 5 minutes from downtown Lower Lake, combining the serenity of country living with the convenience of town right near by. There is a beautiful black stallion name Coco who free roams the property left by the previous owners who is like a big friendly outside dog that would love to stay. Come explore this amazing Lake County gem with endless possibilities!
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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 |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 27, 2024 | Listed by Luxe Places International Realty | $625,000 | |
| Listed by Luxe Places International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017