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1790 Somerset Lane
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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 2, 2022 | No longer available | - | |
| No longer available | |||
| Oct 31, 2021 | Listed by Active Realty | $629,000 | |
| Listed by Active Realty | |||
| | |||
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Gorgeous 4 bedroom, 2.25 bathroom, 2 story home on a large corner lot with mountain views in the community of Highland Grove in Redlands! Enjoy high ceilings, updated kitchen and bathrooms, and 3 fireplaces. The kitchen offers quartz countertops, white cabinetry, and a center island that leads to the breakfast area and family room. The spacious primary bedroom features a fireplace, dual sinks in the primary bathroom, a walk-in shower, and a walk-in closet. Sliding doors lead to the outdoor covered patio and back yard. Additional property features include a separate laundry room, a 3 car garage, and owned solar panels. Community amenities include a swimming pool, spa, playground, tennis court, and sport courts. Convenient to nearby schools, parks, shopping, and major freeways! The manager has listed the unit size as 1984 square feet.
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| Nov 27, 2019 | Sold | ||
| Sold | |||
| Oct 23, 2019 | Listed by RITA SHAW BROKER & ASSOCIATES | $495,000 | |
| Listed by RITA SHAW BROKER & ASSOCIATES | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017