38152 Ruth Hill
About This Property
peaceful views of an adjacent cattle ranch, cooler summer evenings, and just enough winter snow to enjoy. A major asset is the high-producing private well, boasting a reported 150 GPM well log, a pump approximately four years old, and an included water softener.
Inside, the home has been refreshed with sheetrock walls, laminate flooring throughout, and dual-pane windows. The layout includes an updated kitchen with a propane range and stainless dishwasher, upgraded central heat and air, and a living room pellet stove.
The property is well-equipped for convenience and peace of mind with Frontier fiber-optic internet, an included generator with a direct panel hookup, a durable metal roof, covered front and back porches, a 10x12 storage shed, a two-car carport, and an easy-to-maintain gravel driveway.
Location is key: you are just 5 minutes from Dunlap School and the Post Office, 5 miles to Highway 180, roughly 30 minutes to Kings Canyon National Park, and under an hour to major Central Valley shopping and dining. The home is installed on a permanent foundation with a recorded 433A, currently carries an FHA loan, and is ready for financing. Total current square footage is 1,392 as per owner. Bed count may differ from tax records, Buyer to verify.
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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%.
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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 14, 2026 | Listed by eXp Realty of California, Inc. | $269,000 | |
| Listed by eXp Realty of California, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017