1501 Monte Mar
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 |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 4, 2018 | Sold | ||
| Sold | |||
| May 9, 2018 | Listed | $525,000 | |
| Listed | |||
| | |||
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Fully remodeled home on a fantastic half-acre+ lot. Plenty of room for toys including RV's, boats, work trucks, etc. New roof, windows, bathrooms, and appliances. Beautiful pool to cool off in on those warm summer days. New raised wood deck, perfect for Barbeques and entertaining. Very private flag lot with long driveway. Don't miss this adorable home! Access off of Independence Way. You cannot drive to this property from the West. GPS is inaccurate.The manager has listed the unit size as 1302 square feet.
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| Apr 7, 2018 | Listed by The Real Estate Consultants | $525,000 | |
| Listed by The Real Estate Consultants | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017