32500 Hinkley Road
About This Property
This property also comes with several accessory buildings and structures. First is the separate 552 sq ft 2 car garage, built in 2016, complete with concrete floor, rear door entrance, lights and receptacles, and 2 large rolling barn doors, for protection of your vehicles from the dust and weather. There are (2) separate horse stall structures, a 3 horse (432 sq ft)stall, and a 2 horse (336 sq. ft) stall. the 2 horse stall is newer and in good condition. The 3 horse stall needs some restoration work. There is a storage/tool shed structure behind the house (100 sq ft), with lights and receptacles and a paver pathway leading to the house. There is a 6' tall chain link perimeter fence all the way around the house, fencing approximately 13,000 sq ft of area. There is Patio space on 2 sides of the house that equals approx 700 sq ft. and there is a pool pad within the fenced area that already has a raised lounge deck access area, a retractable solar pool cover assembly and pool pump equipment and piping.
This house also comes with a 8,670 watt, grid tie solar array and system, which successfully achieves a negative power bill with Edison most months.
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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 |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Oct 20, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $374,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 8, 2024 | Price Decreased |
$384,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017