28062 Waterman Road
About This Property
Welcome to this beautifully remodeled turnkey property in Barstow! This charming 1-bedroom, 1-bathroom + bonus room and a big storage shed home sits on 1.81 acres of flat, usable land. Features include a brand-new roof, open-concept kitchen, remodeled bathroom, updated plumbing and electrical, and all-new flooring throughout.
Enjoy plenty of outdoor space for horses, livestock, gardening, or building additional structures. (There is an unknown condition well on the property.) Located just 15 minutes from the military base and close to shopping and dining, this property offers both privacy and accessibility. Move-in ready and perfect for a ranch lifestyle!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017