1220 Kenneth Drive
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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.
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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 |
|---|---|---|---|
| Oct 7, 2021 | No longer available | - | |
| No longer available | |||
| May 11, 2021 | In contract | - | |
| In contract | |||
| May 4, 2021 | Listed by The Real Estate Company of Cambria | $879,000 | |
| Listed by The Real Estate Company of Cambria | |||
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Call listing agents Bruce (805 610-3371) or Shelley (805 748-3162) for an appointment to see, or with any questions. A beautiful home in Cambria Pines Estates, 1/4 mile to Fiscalini Ranch Preserve, on 1/4 acre of fenced level land! Upstairs living is open and has a view to the ocean through the pine trees. There is a comfy loft for warm reading time, or love the fireplaces in the living room or the studio below. Wood floors really set off the light filled living spaces. Pella double pane wood windows throughout add distinction. Downstairs is a studio apartment style space. Gardens, walks, and a she-shed in the back yard too. This home has a VACATION RENTAL LICENSE - no history but you can make your own if you wish as this location is very desirable about 600' to Fiscalini and 1/2 mile walk to beach at Marine Terrace. The manager has listed the unit size as 1700 square feet.
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| Jun 2, 2020 | Sold | ||
| Sold | |||
| May 1, 2020 | Listed by Barnes & Associates Sotheby's | $739,500 | |
| Listed by Barnes & Associates Sotheby's | |||
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About Cambria
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017