921 Ranch House LOOP
About This Property
Escape the noise of the city and enjoy peaceful living in the beautiful hill country. This property spans 1.98 acres and comes with a flat landscape and no restrictions, allowing for various possibilities. 3 homes total! The main house, with a solid slab foundation, has 4 bedrooms and 2 full baths in its 1810 sqft space. There's also a guest mobile home with 3 bedrooms and 1 bath, offering an additional 990 sqft of space. Third mobile home is a duplex with one side 2 bed, 2 bath and the other side 2 bed, 1 bath. Total of 11 bedrooms and 6 bathrooms on the lot. One mobile home is currently renting for $2K/month. Tenant can leave anytime or stay. Whether you're looking for a home or an investment, this property has you covered. The surroundings are peaceful, perfect for kids playing and pets enjoying the outdoors. With the extra mobile home, hosting guests is convenient. For those with business ideas, there's potential for parking RVs, trucks, and mobile homes, creating opportunities for passive income. Although the water meter is shared, utilities for each home are separate. The property has a valid septic tank, and there's no gas connection. Please note that the pool shown in pictures are no longer present. Verify all information please. For questions and showings, contact the listing agent. Don't miss out on this chance to own a tranquil retreat in the hill country!
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Cap Rate Calculator
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 11, 2024 | In contract | - | |
| In contract | |||
| Dec 16, 2023 | Listed by Moreland Properties | $449,000 | |
| Listed by Moreland Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017