3605 Olive Hill Road
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 |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| May 31, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Listed by Real Broker | $749,000 | |
| Listed by Real Broker | |||
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*FHA Assumable Loan 2.73%** - Endless potential awaits on this flat, fully usable acre in the heart of Fallbrook! This gated and fenced property offers a rare opportunity to create your dream estate—whether you're envisioning a custom remodel, room to expand, or space for a pool, spa, ADU, or even a hobby farm with horses, goats, chickens, and more. Brimming with original charm and custom interior details, the home provides a solid foundation for reimagining into your own personal paradise. Surrounded by beautiful estates and nestled near scenic horse trails, this tranquil retreat feels worlds away while still being conveniently close to town. Enjoy the freedom of no HOA and the flexibility to craft the lifestyle you’ve been dreaming of—all in one of Fallbrook’s most desirable areas.
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| Aug 26, 2019 | Sold | ||
| Sold | |||
| Apr 19, 2019 | Listed by Re/Max United | $559,000 | |
| Listed by Re/Max United | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017