1610 Montecito Road
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 |
|---|---|---|---|
| Mar 1, 2024 | No longer available | - | |
| No longer available | |||
| Feb 3, 2024 | In contract | - | |
| In contract | |||
| Jan 27, 2024 | No longer available | - | |
| No longer available | |||
| Jan 26, 2024 | Listed by Whissel Realty | $725,000 | |
| Listed by Whissel Realty | |||
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Enjoy this beautiful home nestled in the quiet community of Ramona. The location is conveniently located close to Main St which has shopping and restaurants. Sitting on over an acre of flat land, this home has an endless amount of options. Enjoy the view of a creek flowing alongside your property. With a wide open living room and kitchen, it makes for entertaining a breeze. There is plenty of parking for your toys with the wide driveway, covered RV parking and oversized garage. Storage is no problem with 3 tough sheds on the property for even extra space. Come see why people love the community of Ramona. The manager has listed the unit size as 1580 square feet.
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| Jan 14, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017