1317 Clay Street
About This Property
Inside, you'll find brand new flooring throughout, creating a fresh, cohesive feel. The cozy living area flows effortlessly into a functional kitchen featuring updated countertops-ideal for preparing meals or gathering with family and friends.
Both bedrooms are generously sized, and with two full bathrooms, there's plenty of flexibility for guests, a home office, or multi-generational living. Outside, the landscaped backyard offers a peaceful space that's both inviting and low maintenance-perfect for relaxing or entertaining.
Conveniently located with easy freeway access and close to local parks, schools, shopping, and the historic charm of downtown Redlands, this home presents a wonderful opportunity to enjoy all that this sought-after community has to offer.
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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 9, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Jul 14, 2025 | Listed by REALTY ONE GROUP EMPIRE | $375,000 | |
| Listed by REALTY ONE GROUP EMPIRE | |||
| Jul 5, 2025 | Price Decreased |
$424,999
↓ $25K
(5.5%) | |
| Price Decreased | |||
| Jun 22, 2025 | Price Decreased |
$449,900
↓ $90
(0%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017