2520 Esperanza
About This Property
Opportunity awaits on this .43-acre mini ranch located near popular Palermo School! The property features a 3-bedroom, 2-bath manufactured home, detached garage, barn, fenced grounds, and flat, usable land with plenty of room for animals, equipment, trailers, or additional parking. A great setup for FFA or 4-H projects, hobby farming, or anyone looking for a little extra space and country-style living.
The home and garage need some TLC, making this a great opportunity to roll up your sleeves and add value while creating the property you've been looking for. With usable land, existing outbuildings, fencing, and a convenient Palermo location, this property has plenty of potential.
Bring your animals, tools, and ideas-come see the possibilities this mini ranch has to offer!
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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 31, 2026 | Relisted | $250,000 | |
| Relisted | |||
| Oct 16, 2026 | In contract | - | |
| In contract | |||
| Sep 23, 2026 | Price Decreased |
$250,000
↓ $25K
(9.1%) | |
| Price Decreased | |||
| Aug 12, 2026 | Listed by Re/Max of Chico | $275,000 | |
| Listed by Re/Max of Chico | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017