203 Franklin Avenue
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 |
|---|---|---|---|
| Nov 7, 2017 | Sold | ||
| Sold | |||
| Sep 2, 2017 | Listed | $1,099,000 | |
| Listed | |||
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Feast your eyes on this remarkable 5 bedroom/5 bathroom south Redlands estate, boasting a luxurious open floor plan with over 4,100 square feet. When you step inside, the 20 foot ceilings and hardwood stairs make an immediate impact, adding an extra touch of elegance. Countless more upgrades await you, including 10 foot ceilings throughout, top notch stainless steel appliances, a 48-inch Sub-Zero built-in fridge, 3 ovens, and a large stone island with counter seating for the whole family. The casual dining in the kitchen is complimented with an exquisite formal dining room, both of which are perfect for entertaining. The large door off the kitchen and family rooms leads to a secluded backyard, where a cascading fountain enhances the serenity of the pool and patio area with an abundance of mature trees and a flourishing landscape. This beautiful home also includes a charming and separate CASITA, ideal for guests or those enjoying the tranquility of the pool and spa. The living room, family room, and spacious master bedroom all feature cozy fireplaces, perfect for those chilly nights. Beautiful built-in wood cabinetry is found throughout in the family room, formal office, second floor landing, and guest bedroom. For the car enthusiasts, the three car garage features built-in storage and epoxy flooring. Come and see one of the best homes Redlands has to offer! Call Tracy Young at 949-573-7000 or Leigh Apodaca at 949-201-3437 for more info. The manager has listed the unit size as 4109 square feet.
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| Aug 15, 2017 | Listed by Coastal Estates Orange County | $1,079,900 | |
| Listed by Coastal Estates Orange County | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017