Price improvement. Close to the beach in the Faire Harbour
neighborhood of wonderful Marblehead. This 2 story home with 3
bedrooms 3 baths offers plenty of space, upgrades, parking, and
beach community lifestyle. Relax in this townhouse with friends and
family for the summer. Many upgrades. NEW recessed lights, granite
counter tops in the kitchen, porcelain sink, Moen faucets, Newer
Stainless Steel / Black (self-cleaning oven), microwave & stainless
steel Whirlpool dishwasher. Pantry, light and bright unit from
upstairs to down. 12" ceramic tile in the dining area, tiled wood
floors downstairs entry and living area and NEW wall to wall carpet
in the upstairs bedrooms. NEW vanity lights in bathrooms. Gas
burning fireplace, mantle & patio overlooking the gorgeous lush
green belt. Energy-efficient double paned wood framed vinyl
windows, "Carrier Infinity" furnace, "Emhart" fire detection
system, water efficient plumbing. Oversized "Puron" central Air
Condition unit. Yes! A/C by the beach in San Clemente
to keep your family, friends, and pets cool day or night. Upstairs
has washer/dryer closet. Walk-in closets, skylight in the master
bathroom, double sinks. The double car detached garage with
workbench & storage. Walk to schools. The Faire Harbour community
amenities include access to the heated inground pool and spa,
volleyball courts, and pet stations for the furry members of the
family. Newly painted buildings, quiet community with views of the
Pacific Ocean. Welcome Home!
Unit Size
1,482 Ft²
Days on Market
98 days
Land Size
-
Price per sqft
$424
Property Type
Condo
Property Taxes
-
HOA Dues
$447
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.
Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Free-Standing Range, Disposal, Microwave, Range Hood, Self Cleaning Oven, Water Heater, WaterToRefrigerator
Flooring Type: Carpet, Laminate, Tile, Wood
Laundry Features: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Closet, Upper Level
Has Fireplace
Fireplace Features: Family Room, Gas, Wood Burning
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