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5642 Prancing Deer
About This Property
Inside, the 3-bedroom, 2-bath home features fresh interior paint, new carpet, laminate flooring in select areas, and ceiling fans throughout. A charming front porch and beautiful entry door welcome you home. The kitchen features abundant cabinetry, a tile backsplash, stainless steel appliances, and ample workspace.
Just off the hallway, a bonus room provides flexible space for a home office, hobby room, or playroom. The hall bathroom includes laminate flooring, a stylish vanity, and a tub/shower combination.
Just down four steps, you'll find the sunken primary suite, a light-filled retreat with direct backyard access. The en-suite bath features laminate flooring, a dual-sink vanity, and a beautifully tiled walk-in shower. Two additional bedrooms, each with ceiling fans, complete the sleeping spaces.
Indoor laundry and an attached two-car garage add everyday convenience. Follow the tour outdoors to take in the open surroundings, panoramic views, and your very own equestrian barn! Whether your vision includes horses or other animals, gardening, or outdoor recreation, there is plenty of room to enjoy.
The leased solar has always provided the sellers with low cost energy and a credit from PG&E on their bills, leading to only paying the connection fee and current rate of approximately $247 for the lease and approximately $10 to PG&E.
With usable acreage, versatile improvements, an updated interior, energy efficiency and a peaceful setting, 5642 Prancing Deer Road offers country living near local wineries, dining, and all that Paso Robles wine country has to offer.
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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 |
|---|---|---|---|
| Nov 3, 2026 | In contract | - | |
| In contract | |||
| Sep 1, 2026 | Listed by Platinum Properties | $699,000 | |
| Listed by Platinum Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017