1188 Massachusetts Avenue
About This Property
Upgrades are found throughout the home, including recessed LED lighting, upgraded wood-look LVP flooring, new doors, mirrored closet doors, dual-pane windows, and more. All the bedrooms are generously sized, equipped with ceiling fans, and one even has its own exterior entrance. The hallway bathroom is upgraded with a wood vanity, granite countertop, and a tub/shower combo. The large primary suite offers ample closet space, and the private bathroom features a spacious shower.
The rear yard includes a covered patio, perfect for enjoying California weather year-round, with trees along the side and rear for added privacy. This home is an excellent choice for a primary residence or as an investment property for UCR student rentals, offering easy access to the University with the convenience of commuting without a car. The extended driveway and 2-car garage provide off-street parking for up to six vehicles, with additional street parking available.
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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 |
|---|---|---|---|
| Sep 24, 2024 | Sold | ||
| Sold | |||
| Sep 4, 2024 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Listed by HOMZ | $629,000 | |
| Listed by HOMZ | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017