5523 Foster Road
About This Property
Previously accommodating a charming 3-bedroom, 2-bathroom home with 1,176 square feet, this parcel comes with a rich history and potential. Its generous size not only allows for ample space to construct a new residence but also offers room for various outdoor amenities. Imagine creating a flourishing garden oasis, parking your RV or boat with ease, or indulging in hobbies that require extra space for equipment and toys.
The location itself adds tremendous value, situated in lower Paradise, known for its peaceful ambiance and convenient access to nearby amenities. Whether you're envisioning a private retreat or a bustling family hub, this land provides the foundation for realizing your aspirations. Don't miss this opportunity to secure a piece of Paradise and make your dreams a reality.
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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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | In contract | - | |
| In contract | |||
| Apr 30, 2024 | Listed by Keller Williams Realty Chico Area | $44,000 | |
| Listed by Keller Williams Realty Chico Area | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017