20090 Modoc Road
About This Property
In addition, the property features a separate oversized three-car garage, approximately 35 feet wide by 45 feet long with 16-foot ceilings, complete with its own concrete driveway and backyard access, making it perfect for vehicles, a workshop, or a home business. The second-floor retreat includes a spacious primary bedroom with breathtaking valley views, a private sitting room with a fireplace, and access to an expansive balcony, offering the perfect space to enjoy serene sunsets.
The outdoor space is a true oasis, featuring a gated backyard with lush shrubs, young fruit trees, and an automatic sprinkler system, as well as drought-tolerant landscaping for easy maintenance. The front yard is adorned with mature trees, creating a park-like setting ideal for a children's playground or family gatherings. Situated on an almost-acre lot in a charming neighborhood, this home is a fantastic opportunity for buyers seeking space, comfort, and versatility. FHA and VA loans are welcome. Don't miss your chance to make this exceptional property your own just in time for the holidays!
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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 |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 2, 2024 | Listed by RE/MAX One | $539,000 | |
| Listed by RE/MAX One | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017