4120 Palomino Dr
About This Property
The property includes valuable additional legal improvements, including a detached carport and a detached storage structure, providing excellent functionality for equipment storage or workshop use. The expansive lot offers endless possibilities for agricultural, recreational, or residential enjoyment.
Located in a peaceful rural setting while still conveniently accessible to local amenities, this property is ideal for buyers seeking space, privacy, and flexibility.
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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 |
|---|---|---|---|
| Feb 19, 2026 | Listed by Eagle Realty of South Florida | $498,000 | |
| Listed by Eagle Realty of South Florida | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017