4555 Meridian
About This Property
There is great short grass with strong feed and historical stocking rates of about 800 fall pair. No shortage of water as the ranch is watered from three strong seasonal creeks; Brush Creek, Singer Creek and Rattlesnake Creek, 5 reservoirs, and a water ditch from Deer Creek that crosses a portion of the ranch. At the headquarters, sits the 2,300 sq ft home, a bunk house and RV hookups. The 2,300 sq ft home has two bedrooms and two baths, an office, beautiful high wood ceilings in the living room and kitchen, a detached guest room, and solar panels.
For the recreational enthusiast, there are deer, coyote, duck, and other predators. Duck hunting is in the winter with 4 duck blinds. Fishing is convenient as there is a deep bass filled pond right next to the home. Relax and unwind after a long hard day of work, as you sit out on the expansive porch at the main residence overlooking the bass filled pond into the ongoing distance of the Diamond X Ranch.
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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 17, 2021 | Sold | ||
| Sold | |||
| Jul 17, 2019 | Listed by California Outdoor Properties | $10,000,000 | |
| Listed by California Outdoor Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017