69 Terrace Drive
About This Property
Fresh landscaping enhances the outdoor setting, with plenty of room for RV parking. A partially enclosed carport with an automatic garage door and workshop adds convenience, while a separate backyard 12 x 16 finished outbuilding offers possibilities for a mini shop, hobbies, or your own creative retreat.
Located in a great neighborhood near highly desirable schools and In Motion Fitness, this home is also close to Bidwell Park, Hooker Oak Park, and the One-Mile Recreation Area. Enjoy easy access to downtown Chico and the freeway.
With extensive updates and a great price, this move-in-ready home is ready for its next chapter. Schedule your private showing today!
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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 20, 2026 | In contract | - | |
| In contract | |||
| Oct 14, 2026 | Listed by Re/Max of Chico | $399,000 | |
| Listed by Re/Max of Chico | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017