6580 Solano
About This Property
"Opportunities like this are in high demand among young families looking to build affordably - starting with a modest investment and building equity well beyond the purchase price. This lot offers exactly that path to homeownership." ?Location: Corner lot at Solano Rd and Wilson Ranch Rd. Fully fenced. ?Existing Structures: Two prior structures remain as frames only; not currently used as a residence, but for storage of materials and belongings. Utilities (Key Value Point)? Electric: Power pole visible on-site (per aerial photos) ?Water: Currently connected and in use, with monthly bills running approximately ? Septic: 1,000-gallon septic system installed and completed, with County inspector inspection completed. Permit ?Building Permit #ADDRN-2025-00896 (Addition, 420 sq ft), signed 12/11/2025 ?COC Type: Addition (not New Construction) ?Snowline Joint Unified School District development fee: Level II, $0 assessed. Investment Value Unlike most surrounding land parcels, this lot already has utilities connected and permitting underway - offering a head start on the time and cost typically required before building can begin.
Disclaimer: Images are for reference only. Buyers are advised to independently verify lot location, boundaries, utilities, zoning, addressing, access, buildability, and all intended uses to satisfy themselves.
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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 24, 2026 | In contract | - | |
| In contract | |||
| Oct 15, 2026 | Sold | ||
| Sold | |||
| Oct 1, 2026 | In contract | - | |
| In contract | |||
| Aug 28, 2026 | Listed by Coldwell Banker Best Realty | $169,000 | |
| Listed by Coldwell Banker Best Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017