38195 Hill Street
About This Property
The interior has been partially remodeled, providing a head start for the next owner, with improvements that include a newer water heater and newer water well components. New flooring and paint to give it a comfortable move in ready feeling. The exterior remains a moderate fixer, creating an opportunity to complete the improvements and customize the property to suit your vision.
A detached shop/garage building, estimated at 31' X 24' (est. 744 sq ft) provides ample space for two vehicles, along with additional room for equipment, tools, storage, hobbies, or workshop use. The expansive acreage is fully fenced and offers plenty of usable ground for a variety of rural property uses, subject to applicable zoning and county requirements.
With its combination of substantial acreage, usable terrain, existing residence, private well, and detached shop/garage, this property offers the flexibility and space that are hard to find. Bring your ideas and improvements to this Anza property and create your own rural retreat, homestead, or country residence.
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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 |
|---|---|---|---|
| Oct 15, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Listed by HomeSmart Realty West | $385,000 | |
| Listed by HomeSmart Realty West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017