13056 Burns Lane
About This Property
Step out onto your own balcony from the primary bedroom and spend the morning with nature and the open air! The wide open space is ripe with opportunities! From the living room, step through triple doors and onto a recently upgraded, large Trex deck that features a gazebo and granite natural gas fire pit, dining table, and barbecue area. The space is perfect for entertaining guests and includes a heated pool and above-ground spa. Or enjoy front-row seats with the family for Fourth of July fireworks! The front grounds sport a new paver patio and are home to fruit trees, including a blood orange tree, two Eureka lemon trees, and a Mexican lime. Your commute is central to the I-10 freeway, Oak Glen Rd., and Ford St. You'll be within minutes of historic Downtown Redlands and Redlands Country Club. Nearby hiking opportunities include Oak Ridge Trail, Oakmont Trail, and Teddy's Trail.
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Cap Rate Calculator
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 8, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| May 15, 2025 | Price Decreased |
$839,000
↓ $30K
(3.5%) | |
| Price Decreased | |||
| Jan 30, 2025 | Listed by BHHS PERRIE MUNDY REALTY GROUP | $869,000 | |
| Listed by BHHS PERRIE MUNDY REALTY GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017