1388 Devonwood 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 |
|---|---|---|---|
| Oct 2, 2024 | Sold | ||
| Sold | |||
| Sep 7, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Listed by London Properties Ltd - Merced | $375,000 | |
| Listed by London Properties Ltd - Merced | |||
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SUPER CLEAN HOME located in the Walnut Estates Subdivision in Northwest Merced. Situated on a nice corner lot in a semi-private neighborhood behind Hobby Lobby. The interior includes ceiling fans, indoor laundry room, fireplace, great room, spacious kitchen with tile counter tops, stainless steel appliances, and three sliding glass doors that lead to the backyard. The roof was replaced in 2017. The home also has a newer gutter system. The garage has plenty of space to add storage. The backyard has a nice sized covered patio for year round use, a garden area on the left side, a gazebo with a concrete pad for the addition of your own spa or hot tub, as well as a Koi or fish pond. This home does have potential RV or Boat Parking with access on the Dogwood Court side, which currently is set up for a carport. This home is move-in ready and would be perfect for a starter home or investment property and is located in very close proximity to several stores and restaurants.
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| Nov 17, 2017 | Sold | ||
| Sold | |||
| Aug 28, 2017 | Listed by CB Gonella Realty, Merced | $229,900 | |
| Listed by CB Gonella Realty, Merced | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017