32305 Red Mountain
About This Property
This fixer-upper is ready for a new vision and provides the perfect chance to restore, remodel, or reimagine the property to suit your needs. With the added benefit of two parcels, you'll enjoy additional space and flexibility for future possibilities (buyer to verify permitted uses with the appropriate agencies).
Located in a peaceful rural setting, the property offers the serenity of country living while remaining within a convenient drive to shopping, dining, schools, and other local amenities. Whether you're looking to build equity, invest, or create a custom home with extra land, this property is full of potential.
Bring your imagination and transform this diamond in the rough into something truly special.
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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 16, 2026 | In contract | - | |
| In contract | |||
| Sep 26, 2026 | Price Decreased |
$324,999
↓ $25K
(7.1%) | |
| Price Decreased | |||
| Sep 23, 2026 | Relisted | $349,900 | |
| Relisted | |||
| Sep 19, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Price Decreased |
$349,900
↓ $25K
(6.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017