206 La Mesa LN
About This Property
The stunning back porch & outdoor kitchen are perfect for entertaining, offering unparalleled privacy. Discover the hidden gem of this residence – a bookcase that cleverly conceals the stairs leading to the game room and an additional master suite.
Situated on a private, expansive home site of over an acre, this property offers breathtaking views & a wet weather creek at the back of the property line. Additionally, the prime location provides easy access to major roadways, shopping & dining, ensuring convenience at your doorstep. Don't miss this rare opportunity to own a piece of paradise.
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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 |
|---|---|---|---|
| Sep 2, 2024 | In contract | - | |
| In contract | |||
| Aug 3, 2024 | Price Decreased |
$750,000
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Jul 3, 2024 | Listed by AGandy & Co. | $774,900 | |
| Listed by AGandy & Co. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017