39581 Cherry Oaks Canyon Road
About This Property
While the home does need repairs and cosmetic updates throughout, it offers plenty of potential for the right buyer. The lot is generously sized, almost 1 acre, providing room for outdoor improvements, additional landscaping, or entertaining space. Inside, original features remain, giving you a blank canvas to modernize or redesign as desired.
Whether you're an investor, contractor, or homeowner with vision, this property presents a great opportunity to build equity in a desirable area. Bring your tools and imagination - this is a project worth considering.
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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 30, 2026 | Sold | ||
| Sold | |||
| Dec 31, 2025 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Price Decreased |
$599,000
↓ $40K
(6.3%) | |
| Price Decreased | |||
| Sep 11, 2025 | Listed by eXp Realty of Southern California | $639,000 | |
| Listed by eXp Realty of Southern California | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017