85495 61st Avenue Avenue
About This Property
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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%.
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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 31, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $725,000 | |
| Listed | |||
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One of the best values for flat, usable acreage in the Eastern Coachella Valley. 16.8 acres with frontage on Avenue 61, and including a Farmhouse and a 4-stall barn! The original farmhouse features hand rolled, and shaped brick walls, that are super thick for insulation. Hand crafted and placed wood beams form the vaulted, rafter ceiling of the Living room. The interior doors and door frames, are also original deeply textured wood, with casement windows, and two wood burning fireplaces. The farmhouse, built in the late 30's or early 40's, was added to sometime in the late 80's..creating a 3 bedroom and 2 bathroom home. There is also a 4-stall breezeway barn, a private well, and CVWD Ag. water for irrigation. This farm is a short drive to the Horse show entrance, and about a 15 minute haul to the Polo fields. The farm needs love and updating, and is priced accordingly. The owner is currently removing everything on the farm except the House and Barn; a clean palette!The manager has listed the unit size as 1500 square feet.
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| Jul 2, 2017 | Listed by HK Lane Real Estate | $725,000 | |
| Listed by HK Lane Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017