1323 Montecito Ln
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 |
|---|---|---|---|
| Dec 2, 2019 | Sold | ||
| Sold | |||
| Apr 9, 2019 | Listed by Signature Real Estate Group | $1,099,999 | |
| Listed by Signature Real Estate Group | |||
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Looking for a Fallbrook home that checks EVERY single box on your list and then some? Fall for this spacious mini-estate without the estate-sized maintenance or utility bills. Big, open rooms flow easily, for both formal and casual living. Separate formal living and dining, as well as open family room and den/bonus room. That's the main house, and we're just getting started. Adorable detached 1BR guest house with full kitchen and bath, use to generate income (fair market rent estimated approx. $1600), or for multi-generational living or out-of-town friends and family. Enjoy the lush fully fenced front lawn, or take your outdoor adventure to the backyard of your dreams. Have a relaxing dip in your stylish modern pool with built-in spa, take a walk down a meandering garden path to gorgeous and serene circular seating area with fountain, or turn off across the fairytale bridge and gently bubbling waterfall toward the privacy of the covered gazebo. At the bottom of the property you will find garden boxes for all of your growing hobbies or needs. Every foot of this outdoor paradise is fully lit, so your nights can be as magical as your days. Do not miss out on owning this piece of heaven, and please see list of additional features below:
-Owned solar panels with seller reporting ZERO power bills.
-Wired for sound and security
-Safe room with hard-line telephone inside
-Covered gated RV port with hookups
-Putting green
-Break-in resistant window glazing
-Built-in BBQ
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017