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2844 Barnes Street
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 |
|---|---|---|---|
| Nov 21, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Listed by Keller Williams Westlake Village | $829,000 | |
| Listed by Keller Williams Westlake Village | |||
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Nestled in the heart of Simi Valley, this single-story home is full of charm and potential offering a well laid out living spaces including 5 spacious bedrooms with generous closet space and 2 bathrooms. Upon entering, you'll find an open and airy living room with a cozy fireplace that is attached to the formal dining space for all your future gatherings. Natural light floods the open kitchen and connected family room with large windows that frame spectacular hillside views over the backyard. The kitchen layout has a nice flow and ample storage for all your culinary appliances and awaits your personal touch, ready to be redesigned into a modern culinary hub. The generous lot size provides plenty of space for gardening, entertaining, or simply enjoying the tranquility of the outdoors. The front yard is adorned with 2 producing avocado trees. This home is not just a property; it's an opportunity to craft a personalized haven that reflects your style and needs. The roof was replaced in 2020, there is a full water purification system and the solar panels are owned. Whether you are a seasoned investor or a homeowner ready to embark on a rewarding renovation journey, this property offers endless possibilities.
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About Simi Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017