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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 |
|---|---|---|---|
| Feb 26, 2025 | Sold | ||
| Sold | |||
| Jan 19, 2025 | Price Decreased |
$1,625,000
↓ $24K
(1.5%) | |
| Price Decreased | |||
| Jan 19, 2025 | In contract | - | |
| In contract | |||
| Nov 18, 2024 | Listed by Compass | $1,649,000 | |
| Listed by Compass | |||
| | |||
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Welcome to your dream home in the vibrant community of Rancho Mission Viejo. This stunning 55+ residence offers a harmonious blend of modern elegance and comfortable living, perfect for those who appreciate quality and style. Step inside to discover a spacious floorplan featuring three generously-sized bedrooms and three and a half luxurious bathrooms. The open kitchen is a chef's delight, adorned with sleek quartz countertops, oversized quartz island, a custom tiled backsplash, beautiful pendant lights and white shaker cabinetry. Stainless steel appliances include a brand new Bosch dishwasher. Light colored engineered wood floors flow seamlessly throughout the home, adding warmth and sophistication to this fabulous floorplan. The living area is a true showstopper, boasting dual stacking doors that open to a large outdoor room with fireplace media wall, creating a seamless indoor-outdoor experience whether you’re dining at a large table or relaxing as a second living room. All the bedrooms offer ensuite full baths with lovely tile work in the showers and backsplashes, framed mirrors, tile floors and an additional powder room is tucked in the hall for guests. Other features include plantation shutters providing privacy and charm, ceiling fans and surround sound speakers in great room and outdoor room. Additional highlights include a 2 car garage equipped with sleek modern cabinets, workbench and epoxy flooring for extra storage needs. Step outside to the wrap around yard appointed with a granite topped BBQ island, tranquil fountain and numerous fruit trees and mature plants. This smart home also includes owned Solar Panels, nest thermostat and talking Google smoke/CO2 Alarms. Live the Rancho Mission Viejo resort lifestyle in this spacious home with access to all of the best amenities from pools, pickleball, workout gyms, 100's of clubs and more!
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| Jun 3, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017