1540 Newland Drive
About This Property
Large windows flood the interiors with natural light, creating a bright and airy atmosphere and custom window shades gives security and privacy. The integration of smart home equipment, security camera, sound system throughout and an energy efficient home with PAID SOLAR is a significant value! Step into the luxurious and spacious master suite with generous walk-in closet, an en-suite bathroom is a spa-like haven, complete with a large glass-enclosed shower, dual vanities, and elegant finishes throughout. Whether you're unwinding after a long day or starting your morning, the room provides a peaceful and private escape. The low-maintenance front and back yard landscaping offers the perfect setting for outdoor relaxation, complete with stunning mountain views. Create your own oasis with your dream BBQ area, vibrant garden beds, or even an outdoor spa. Most importantly, the yard is ideal for hosting future family and friends gatherings for unforgettable moments and lasting memories. The spectacular clubhouse offers a state-of-the-art fitness center with breathtaking views of San Gorgonio Mountain, resort style pool, lap pool, Pickleball courts, and more... so enjoy, relax, connect, and live your best life. Discover a community where neighbors become friends and every day presents enjoyment and fulfillment! Own this home today!
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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 |
|---|---|---|---|
| May 14, 2025 | Sold | ||
| Sold | |||
| Jan 11, 2025 | Listed by Berkshire Hathaway Homeservices California Realty | $610,000 | |
| Listed by Berkshire Hathaway Homeservices California Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017