215 Pippin
About This Property
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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 |
|---|---|---|---|
| Jul 9, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | Listed by Real Broker | $749,000 | |
| Listed by Real Broker | |||
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Welcome to your slice of paradise in Fallbrook, affectionately known as the "Friendly Village.” Pride of ownership is evident in this 1,705 sq ft home built in 1984, featuring 4-bedrooms, 3-full baths, NO HOA, and low property taxes. The home is back on the market due to buyer's cancellation of contingent sale. The two-story home offers a spacious and open living room perfect for gatherings, as well as a cozy family room with a wood-burning/gas fireplace. A bedroom and full bathroom on the main level is ideal for a home office or multi-generational living. Enjoy the benefits of being within walking distance to shopping, entertainment, and historic downtown. Situated on a generous .26-acre usable lot, the fully-fenced property has an above-ground spa and a 12 ft x 15 ft fully insulated workshop equipped with 220 electrical power and AC–a haven for DIY enthusiasts or potential home-based businesses. Embrace the rural ambiance with delightful fruit trees, including avocado, mandarin & navel oranges, Meyer lemon, grapefruit, and pomegranate, along with a fenced garden area and a spacious chicken coop. The mature tropical landscaping creates a serene backdrop for entertaining guests. Notable improvements include fresh paint throughout, a new roof installed in 2016, and many upgrades in the last year: stainless steel kitchen appliances, washer & dryer, ceiling fans, painted cabinets, recessed & pendant lighting, bathroom faucets & fixtures, stained garage floor & epoxy-stained workbench work-top, drip sprinkler system, and more. This home is wired for high-speed internet (currently Spectrum) and is connected to sewer and natural gas, eliminating the hassle of a septic system or propane. Contact us to make this your rural Fallbrook dream home–at an incredible price!
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| Nov 4, 2016 | Sold | ||
| Sold | |||
| Aug 25, 2016 | Listed by RE/MAX United | $424,971 | |
| Listed by RE/MAX United | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017