494 Eldredge Drive
About This Property
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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 |
|---|---|---|---|
| Jan 13, 2026 | Sold | ||
| Sold | |||
| Dec 17, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Listed by Re/Max Home and Investment | $31,500 | |
| Listed by Re/Max Home and Investment | |||
| Jul 14, 2025 | Listed | $37,500 | |
| Listed | |||
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Wonderful Lower Paradise Location for this usable .73 acre lot. This part of Paradise definitely gives you a county feeling! Great location for gardening! SURVEY COMPLETE. WATER ACTIVE WITH BACKFLOW AND WORKING HOSE BIBS, PG&E ELECTRICITY METERED ON THE PROPERTY MOUNTED ON PG&E APPROVED PEDASTAL, 1500 GALLON HOLDING TANK, FENCED GARDEN AREA AND STORAGE SHED. So much of this property is ready for a new owner to submit house plans and get to building. The Septic system was installed in 1998, septic tank failed but leach field passed in 7/12/2019. Paradise permit shows a permitted 3 bedroom leach field. End of the private road location makes for a peaceful and private location. This property is also zoned AR-1, Agriculture Residential which can give an owner many different options as compared to Town Residential. This property is ready for a new Paradise resident.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017