3531 Pinto Mountain Road
About This Property
This lovely two bed, one bath home was completely rebuilt from the foundation up and is essentially new construction on five wondrous acres. The owner re-poured the foundation and then built the house again. This place is beautiful. Everything is up to code and done correctly. Upgraded electrical service, new plumbing, new windows, new kitchen...etc.
The owner is a master metal craftsman and he has created a compound of beautifully-patinaed steel fencing and functional space using his skills. There is a steel carport and line of fencing lining the property that is a work of functional art. There is also his fine metal work enclosing the Jacuzzi in the back of house as well as the front patio. This place has no peer. The home sits in a lovely section of Wonder Valley that provides a sense of sanctuary while sitting directly on a paved road and it would make a superb vacation rental.
This house is for sale as well as the property right next door from the same owner, 3475 Pinto Mountain Rd, listing #JT19076079. These two homes are an excellent opportunity. The properties can be bought separately or together with a discount towards buying both. This home is on hauled water but if both homes were purchased, the other house has well that could supply water to this home.
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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 |
|---|---|---|---|
| Aug 30, 2019 | Sold | ||
| Sold | |||
| Apr 15, 2019 | Listed by 29 Palms Realty | $155,000 | |
| Listed by 29 Palms Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017