2020 Lake Morena Drive
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 |
|---|---|---|---|
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2025 | Listed | $349,900 | |
| Listed | |||
| | |||
|
Opportunity knocks in Campo, Priced below appraised value! Escape the commotion of the city and retreat into a delightfully secluded valley, situated on over 2 acres. Turn this 3 bedroom, 1 bathroom ranch home into your own! Nestled under 100 year old trees and surrounded by mountain views. The property features a big 57'x18' workshop/garage including a large bonus room waiting for conversion into extra living space. A high producing well and plenty of usable land for homesteading. Conveniently located near Lake Morena to fish and enjoy all that nature offers.
| |||
| Aug 2, 2025 | Price Decreased |
$369,900
↓ $29K
(7.3%) | |
| Price Decreased | |||
| Mar 18, 2025 | Listed | $399,000 | |
| Listed | |||
| | |||
|
Opportunity knocks in Campo, Priced below appraised value! Escape the commotion of the city and retreat into a delightfully secluded valley, situated on over 2 acres. Turn this 3 bedroom, 1 bathroom ranch home into your own! Nestled under 100 year old trees and surrounded by mountain views. The property features a big 57'x18' workshop/garage including a large bonus room waiting for conversion into extra living space. A high producing well and plenty of usable land for homesteading. Conveniently located near Lake Morena to fish and enjoy all that nature offers.
| |||
| Apr 2, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017