38278 Cherry Valley Boulevard
About This Property
The Back House, manufactured in 2012, features an open concept design with two bedrooms and two full bathrooms. The interior showcases a very comfortable floorplan, complemented by essential kitchen appliances including a refrigerator, dishwasher, stove, and microwave. A dedicated laundry room is equipped with a sink, washer, and dryer for added convenience. For HVAC and utilities, the property boasts a new forced heat and air conditioning system installed in 2023, fire windows, a fire suppression system, a tankless water heater, a water conditioner, and a jet septic system.
Additional structures on the property include four sheds and a spacious 30x30 shop, which is equipped with a 220-volt outlet and a refrigerator. Outdoor features enhance the living experience with a large covered back porch that offers stunning mountain views, a sizable covered front porch, and a fenced backyard complete with a sprinkler system. The grounds are adorned with abundant trees. There is also RV parking that includes a dump station, electric hookup, and a shed with laundry facilities. The property is zoned for livestock and is equipped with multiple water spigots, making it ideal for those looking to integrate agricultural activities into their living space. There are Mature Cherry, Peach and Plum trees.
This property has solar on both homes and two separate septic systems.
The property is well suited to expand on many different projects. This property is located to numerous shopping and entertainment venues as well as many outdoor activities.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Dec 16, 2024 | Listed by REAL ESTATE MASTERS GROUP | $849,777 | |
| Listed by REAL ESTATE MASTERS GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017