5406 Black Olive 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 |
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| Aug 3, 2026 | Listed by Keller Williams Realty Chico Area | $55,000 | |
| Listed by Keller Williams Realty Chico Area | |||
| Oct 29, 2019 | Sold | ||
| Sold | |||
| Sep 27, 2019 | Listed by Keller Williams Realty Chico Area | $25,000 | |
| Listed by Keller Williams Realty Chico Area | |||
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Ready for a project? Come be a part of re-building Paradise on this .27 acre lot located down the street from the old town shopping center, Main Street and the Town of Paradise Community Park. This lot previously held TWO homes totaling 1651 sqft. One was a 2 bedroom, 1 bathroom and the other a 1 bedroom, 1 bathroom. Homes were previously hooked up to public water and serviced by two conventional septic systems (current status unknown). Lot has been cleared and ready to go! This could be a great investment opportunity or chance to build your next home.
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| Dec 28, 2017 | Sold | ||
| Sold | |||
| Oct 24, 2017 | Listed by Coldwell Banker DuFour Realty | $259,500 | |
| Listed by Coldwell Banker DuFour Realty | |||
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Two homes on one large lot!! Turn key investment opportunity ready for a new owner. Desirable Paradise location, half block to city park and shops. A path backs up to the property. 5406 Black Olive is a 1 bed, 1 bath cozy home with detached bonus room with walk in closet. Lots of character with the knotty pine tongue and groove walls in the living room. There is a garage for extra storage and two off street parking spaces.
5408 Black Olive is 2 bedroom, 1 bathroom charming home with a tub/ shower combo, inside laundry room, laminate floors and a detached garage/shop space. Both homes have been recently updated with fresh interior/exterior paint and many cosmetic upgrades like new laminate in the 5408 bathroom, new ceiling fan and some new oil rubbed bronze door hardware. Both homes have fully fenced backyards. This is a great turn key investment opportunity or purchase this property to live in one home and rent out the other home. (Sq. ft.from appraisal, bed/baths , & lot size taken public records & has not been verified by agent. The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy Buyer/Tenant is advised to investigate to their satisfaction. Any information of special interest should be obtained through independent verification.)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017