21303 Salter Road
About This Property
First house is a 3 BR 2.5 bath, Second house is a 2 BR / 1 Bath , 3rd unit is a garage conversion (un-permitted conversion ) is a 2 BR / 1 bath, and there is a permitted detached 2 car garage also. One of the homes is recorded at 1380 sq ft and one of the homes recorded at 904 sq ft. Then the un-permitted conversion would be the square footage of a garage. There are TWO electric meters, TWO gas meters, and TWO septic systems. Eastern Municipal Water District water service. One of the septic systems has new leach lines AND a new septic tank. The other system has NEW leach lines. Septic certifications will be provided for both systems. This lot is FLAT, and USABLE, and has a BEAUTIFUL view of Lake Perris and a CITY LIGHTS VIEW.
FIRST house has dual pane windows, NEW interior and exterior paint, NEWER kitchen with granite counter tops, NEW stainless steel stove will be installed at COE. NEW central heat and air are currently being installed on the first house. NEWER tile flooring , UPDATED bathrooms, crown moulding, nice built ins, indoor laundry. SECOND house has nice tile flooring and indoor laundry. GARAGE has a new steel roll-up door.
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Cap Rate Calculator
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 11, 2018 | Sold | ||
| Sold | |||
| Sep 20, 2017 | Listed by RE/MAX RESULTS | $449,900 | |
| Listed by RE/MAX RESULTS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017