1970 MONTE ALEGRE Drive
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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 |
|---|---|---|---|
| Jan 17, 2018 | Sold | ||
| Sold | |||
| Jul 8, 2017 | Listed | $3,080,000 | |
| Listed | |||
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Rancho Monte Alegre has been carefully planned as a ranch community with 25 large lots. The upper ranch consists of 17 parcels with an average size of approximately 100 acres. The Lower Ranch, which consists of 8 lots ranging in size from 1.5 to 28 acres, has roads, utilities and landscaping in place. The only parcel currently available in the lower ranch, 1970 Monte Alegre Drive offers over 10 mostly flat acres, ocean views, great space for horses, an avocado orchard and a small rustic farmhouse. With easy accessibility and utilities in place, this is a great opportunity to create a relaxed, luxurious and refined home that offers privacy, peace and an exceptional lifestyle. The manager has listed the unit size as 1128 square feet.
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| Feb 6, 2017 | Listed by Berkshire Hathaway HomeService | $3,080,000 | |
| Listed by Berkshire Hathaway HomeService | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017