9401 S 157TH Place
About This Property
The main residence features four bedrooms on the main level, providing a functional layout with additional space in the basement--perfect for a game room, media area, or extended living quarters.
Step outside to an incredible backyard retreat, showcasing a PebbleTec pool with a rock waterfall, multiple seating areas, and a fire pit for evening enjoyment. The expanded and extended covered patio creates the perfect space for entertaining while taking in views of the fully usable acre.
The property is fully fenced and entirely grassed with irrigation, offering a lush and highly functional outdoor space rarely found in the East Valley. Equestrian amenities include four horse stalls with room to expand, plus more than ample space for parking trailers, RVs, or additional vehicles--ideal for those needing room to spread out.
A standout feature is the detached garage/workshop, complete with vaulted ceilings, air conditioning, and a half bath--perfect for hobbies, a home business, or additional storage.
With county island zoning, enjoy added freedom and fewer restrictions while still being close to all that Gilbert has to offer. Properties like this--offering land, irrigation, horse privileges, and no HOA--are increasingly rare.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017