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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 |
|---|---|---|---|
| Jan 22, 2022 | No longer available | - | |
| No longer available | |||
| Jan 7, 2022 | In contract | - | |
| In contract | |||
| Dec 22, 2021 | Listed by First Team Real Estate | $824,900 | |
| Listed by First Team Real Estate | |||
| | |||
|
Just in time for summer, this fabulous SINGLE STORY home with PEEK OCEAN VIEWS is the perfect spot to call home! Offering 2 bedrooms & 2 baths, this home has been meticulously remodeled & updated throughout, including gorgeous porcelain plank wood flooring that runs the entire home. Your new kitchen is finished in crisp white cabinetry, stone counters, a complete stainless steel appliance suite & opens to the living area. Enjoy casual meals in the breakfast nook or serve friends & family in the formal dining space w/trendy Edison light fixture & french slider door to the private backyard space. The living area offers vaulted ceilings & custom recessed lighting as well as cozy fireplace - perfect for chilly nights. The vaulted ceilings continue in your master suite, which opens to a private patio space & includes an en suite w/stone counters, white cabinetry, & separate toilet/shower. At the front of the home is the 2nd bedroom, which is served by an updated hall bath, finished in stone counters & updated fixtures/lighting. Your new home offers year-round comfort with an updated central A/C & newer dual-pane windows. The private yard boasts custom saltillo paver patio area & lush landscaping & of course, peek OCEAN VIEWS. Richmond Pointe is part of the ocean view master-planned community of Rancho San Clemente, close to schools & parks, access to miles of stunning trails along the famed Ridgeline Trail, & minutes to beaches & freeways...your best life starts here!! (Photos are from previous listing - call listing agent Michelle Wilson for details 949-482-5505) The manager has listed the unit size as 1206 square feet.
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| May 18, 2020 | Sold | ||
| Sold | |||
| Apr 10, 2020 | Listed by First Team Real Estate | $640,000 | |
| Listed by First Team Real Estate | |||
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About Rancho San Clemente
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017