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33475 Bodie Street
About This Property
Outside, the property is designed to be enjoyed, with RV parking, a covered backyard patio, an above-ground pool, a dedicated dog run, and plenty of room to gather, garden, or play. The backyard also features mature fruit trees, including an avocado tree, three apple trees, and two cherry trees.
For added preparedness, the electrical panel is equipped with a manual backup-generator inlet located on the side of the home. The setup allows the homeowner to select circuits from the main panel for temporary generator power, subject to the output capacity of the generator connected to the inlet.
An additional toilet is located in the garage but is not included in the advertised bathroom count. Architect-prepared plans and blueprints have also been drawn to convert the garage into a third bedroom and additional bathroom, offering exciting potential for the next owner, subject to city approval and permitting. With its large lot, valuable outdoor amenities, no solar equipment or solar loan, and opportunities to personalize and expand, this Yucaipa home is ready for its next chapter.
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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