5826 Black Olive Drive
About This Property
A charming 3-bedroom, 2-bath home situated in the best location in Paradise is just perfect for anyone wanting to easily walk to nearby restaurants, shopping options, and Paradise High School. You can also enjoy all the local events such as the Chocolate Festival, Johnny Appleseed Days, The Gold Nugget Festival, and the Spring and Summer Farmers Markets, as they are all within walking distance. The Terry Ashe Recreation Center, which features a seasonal ice-skating rink, is just around the corner, while the Paradise Community Park, with its Depot Museum, is almost in your backyard!
The home boasts numerous amenities, including stainless steel appliances, beautiful cabinetry and countertops, and an extra-large farm-style sink. The open floor plan with high ceilings and tall windows allows for natural light and creates an inviting and spacious feel. The central heating and air conditioning keep the house comfortable year-round. You'll love the large deck off the front, which is the perfect spot to relax with friends and enjoy the stunning mountain views. The 1/3-acre level yard is fully enclosed with a cedar fence, providing maximum privacy and plenty of space to bring your backyard dreams to life!
The downtown area has been newly paved, and street lamps have been installed. Plans are in the works for even more improvements. Paradise is making a strong comeback, so now is the perfect time to make your move!
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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 |
|---|---|---|---|
| Oct 2, 2024 | Sold | ||
| Sold | |||
| Sep 14, 2024 | In contract | - | |
| In contract | |||
| Aug 12, 2024 | Price Decreased |
$289,000
↓ $9K
(3%) | |
| Price Decreased | |||
| Dec 6, 2023 | Listed by Century 21 Select Paradise | $297,900 | |
| Listed by Century 21 Select Paradise | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017