40866 Hodges Hill Drive
About This Property
Dreaming of a mountain retreat that helps fund your lifestyle? This fully furnished Oakhurst gem is just 15 miles from Yosemite and 7 miles to Bass Lake and it's already a proven income earner, averaging $98.5K/year in annual gross nightly rent (or $123k if you include cleaning fees) over the past two years.
With 2,860 sq ft 4 bed 3.5 bath of total living space, the layout includes:
A 2 bed, 2 bath main home (1,968 sq ft)
A daylighted 320 sq ft finished basement (bonus bed + half bath, shower & vanity, no toilet)
A 600 sq ft detached guest studio with its own bed & bath
A 550 sq ft detached shop-turned-game room
* Fiberglass pool and hot-tub.
Brand new, ground mounted, owned solar! Also generator with auto start if the power goes out.
The property comes fully furnished, making this an easy, income-producing start for first-time investors.
The homes are a little worn and dated so there's PLENTY OF ROOM TO ADD VALUE and make it your own.
Whether you're seeking your first investment, a vacation property that offsets costs, or a creative retreat with earning potential, this is your launchpad.
Opportunities like this, in a location like this, don't come often.
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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 |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Aug 14, 2025 | In contract | - | |
| In contract | |||
| Jul 29, 2025 | Price Increased |
$650,000
↑ $25K
(4%) | |
| Price Increased | |||
| Jun 23, 2025 | Relisted | $625,000 | |
| Relisted | |||
| Jun 6, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017