890 Rice Canyon
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%.
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 |
|---|---|---|---|
| Feb 23, 2018 | Sold | ||
| Sold | |||
| Nov 6, 2017 | Listed by Sunshine Properties RealEstate | $1,150,000 | |
| Listed by Sunshine Properties RealEstate | |||
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Unique property comprised of 2 parcels totaling 19 usable, fenced acres. 11.65 AC with custom home & large RV barn/workshop. 108-320-29-00 is 7.43 AC with 2 rented doublewides ($2095 & $1350), pool, tennis court, & outbuildings. There are also a barn/shop with upper granny flat area & a well. The property has the potential to be a family compound, bed & breakfast, wedding venue, ultralight enthusiast dream, sober living compound, agricultural property, income property, or a great horse property. It features 1 main home of 2682 sf with a 30x40 AG building to support RV storage, boat storage, farm equipment or a car collection. There is a tennis court on the property, a pool with a hydraulic cover that functions as a shade when not covering the pool. The property has an active well, a 1.5" water meter, natural gas & multiple electric meters. There are several outbuildings, sheds, fenced chicken coop, a workshop with a granny flat on top. There are paved & unpaved Roads connecting almost every aspect of the property. The 2 mobile homes are each 2 bedroom 2 bath with an optional 3rd bedroom. Each have private parking & a carport.The renters in each are great and would like to rent long-term if the buyers allow it. There is a small citrus grove and roughly a hundred dragon fruit plants and other fruit trees on the property. Tremendous views, security, tranquility and privacy make this property a one-of-a-kind piece of classic Rainbow. The possibilities are endless!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017