$461,000
●
House -
Off Market
1036 Merritt Dr
El Cajon, CA 92020
4 Beds
2 Baths
1,709 Ft²
$850,010
RealtyHop Estimate
81.82%
Since Jul 1, 2016
CA-San Diego
Primary Model
About This Property
Beautiful home with a completely renovated Kitchen. All new
Thomasville Cabinetry, granite countertops, stainless steel
appliances, a walk-in pantry, hands-free faucet and keyless entry
are just some of the upgrades. Great-looking premium laminate
flooring, an oversized wood-burning fireplace with a custom
floating mantle. Great-size backyard for entertainment and even RV
parking. Room off of dinning room could also be used as game
room or Optional bedroom. Neighborhoods: Mt Merritt Equipment:
Range/Oven Other Fees: 0 Sewer: Sewer Connected
Topography: LL
Unit Size
1,709 Ft²
Days on Market
42 days
Land Size
-
Price per sqft
$274
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (SDMLS #160025692)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2016 | Sold | ||
| Sold | |||
| May 12, 2016 | Listed by Berkshire Hathaway HomeService | $467,490 | |
| Listed by Berkshire Hathaway HomeService | |||
| Nov 14, 2013 | Sold | ||
| Sold | |||
| Sep 28, 2013 | Listed by Three Coins Realty | $360,000 | |
| Listed by Three Coins Realty | |||
 | |||
|
Great value, ready to move in. Granite Kitchen, new cabinets, stainless steel appliances. Huge back yard ready to be what you want. Garage in the back. Enclosed patio not included in square footage Neighborhoods: Mt Merritt Equipment: Range/Oven Other Fees: 0 Sewer: Sewer Available Topography: LL
| |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
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HOA + Taxes
About El Cajon
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Listed by: Gustavo Torres, Berkshire Hathaway HomeService
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160025692
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160025692
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