1046 Salem
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%.
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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 |
|---|---|---|---|
| Aug 6, 2022 | No longer available | - | |
| No longer available | |||
| Jul 16, 2022 | Listed by Keller Williams Realty | $1,799,000 | |
| Listed by Keller Williams Realty | |||
| | |||
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Gorgeous remodeled home located in the highly desirable Buena Creek area. Main House has 5 bedrooms, 4 bathrooms including an expansive master suite with a jacuzzi tub and oversized large walk-in closet, private office, study loft area, dining room, family room, living room, dinette, laundry, walk-in pantry and bonus room with closet and French doors. State of the art chef’s kitchen, Stainless appliances, 6 gas burner/griddle/dual oven/stove, gorgeous Carrara Marble counters and roman showers throughout house. Dual zoned heating and 3 Zone air conditioning.Spacious side load 3 car garage with circular driveway. Solar system lease that will convey. 600 square foot Guest House with living room, kitchen, bathroom is gorgeous! Finished Art Studio/She Shed/Gym, and 2 Storage Sheds with electricity. This property is the ultimate peaceful retreat with valley & hillside views, a large separately fenced grass area, large trellised patio, professional fire pit and patio in the orchard which includes 50+ fruit trees: 4 types of orange, 2 types of mandarin, grapefruit, orange/grapefruit hybrid, loquat, plum, nectarine, apricot, lemon, lime, fig, pomegranate, Asian pear, cherry, persimmons, apple, plumcot, and cherimoya. Numerous garden beds – herbs, vegetables, strawberries, black raspberries, blackberries, grapes all on timed irrigation. Property is fully fenced with room for RV or boat parking. Absolute paradise! The manager has listed the unit size as 4216 square feet.
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| Oct 27, 2016 | Sold | ||
| Sold | |||
| Jul 14, 2016 | Listed by Century 21 Award | $1,060,000 | |
| Listed by Century 21 Award | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017