40040 Ross Road
About This Property
Come see this great single level home on 1.07 acres which is located in the scenic Fallbrook area by Ross Lake. Great open floor plan. Huge spacious kitchen. Kitchen and bathrooms are upgraded and new flooring in the home. Huge workshop in the back yard!! Can keep over 6 cars just in there if you want..Plus another 2 car garage on the property. Seller found replacement home and we are in escrow and to close concurrently.
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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 |
|---|---|---|---|
| Apr 14, 2024 | No longer available | - | |
| No longer available | |||
| Mar 11, 2024 | Price Increased |
$799,999
↑ $25K
(3.2%) | |
| Price Increased | |||
| Mar 11, 2024 | In contract | - | |
| In contract | |||
| Feb 8, 2024 | Relisted | $774,900 | |
| Relisted | |||
| Jan 23, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017