BACK ON MARKET! Previous buyers did not perform.The opportunity to
own in Woodbridge is now yours! Priced to sell, it's the lowest
priced 3b/3b home with a side-by-side 2 car garage! Woodbridge is
in the heart of Irvine with great HOA amenities! 2 minutes to North
Lake! Gated front porch and walkway, Upgraded Lennox AC unit, lemon
tree in the back patio that's perfect for year-round BBQ. All 3
Bedrooms are a good size, Large Master Suite with Vaulted Ceilings,
Walk-in Closet, and Dual Sinks. Tiled floors down, bar seating, a
separate eating area or could be a den. Upgraded kitchen with New
Recessed Lighting, the exhaust fan over the stove vents out,
granite counters and lazy-susan storage. The Dining Area flows to
the Living Room where you'll enjoy the fireplace in the winter.
Excellent Irvine Schools all 10/10 Rating: Eastshore
Elementary(K-6), Lakeside Jr. High (7-8), and Woodbridge High.
Residences enjoy recreational activities for all ages: 2 lakes, 22
pools, high diving board, kids splash pads, kiddie pools, spas,
basketball & tennis courts, parks, playgrounds, bbq and picnic
areas. Reasonable HOA dues cover insurance and maintenance and No
Mello Roos! Near 405, Near UCI, both 99 Ranch, Costco, Whole Foods,
Movies, Target, parks! Few minutes drive to the beach! Makes a
steady rental- easy to rent!(rental comps ~ $2800-$2850/mo) Low Tax
Rate. No Mello Roos!! W&D included. Last 2 comps were smaller 2
beds sold for 601k and 610k!
Unit Size
1,383 Ft²
Days on Market
52 days
Land Size
-
Price per sqft
$448
Property Type
Condo
Property Taxes
-
HOA Dues
$373
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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