1220 Payne Drive
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%.
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 |
|---|---|---|---|
| Aug 20, 2025 | Listed by Deleon Realty | $3,988,000 | |
| Listed by Deleon Realty | |||
| Feb 29, 2016 | Sold | ||
| Sold | |||
| Jan 21, 2016 | Listed by Christie's International Real Estate Sereno | $2,399,000 | |
| Listed by Christie's International Real Estate Sereno | |||
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Warm and inviting remodeled one level home with fantastic cottage in superb location*Main house boasts three bedrooms plus additional office*Legal one bedroom cottage contains 500+ square feet including full kitchen and laundry*Beautiful, custom designed office at entry offering privacy and work space as well as option to become fourth bedroom*Stunning remodeled kitchen with custom cabinetry, recessed lighting and large center island leads to light drenched great room with vaulted ceilings, skylights and views out to serene, private backyard and cottage*Spacious hallway bathroom with tub; remodeled with exquisite taste*Large master bedroom with peaceful views to the backyard made complete with comfortable carpeting, large walk-in closet and breath taking master bathroom*Quiet backyard has large stone patio for entertaining; mature landscaping, inviting play space and raised planter beds*Award winning Los Altos schools: Oak Elementary, Blach Intermediate and Mountain View High
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017