2231 El Rancho Circle
About This Property
The spacious living room features a cozy fireplace and flows seamlessly into the dining area, where sliding glass doors open to a charming backyard with a covered patio-ideal for relaxing or enjoying a morning coffee. The front and back yards have been upgraded with low-maintenance, energy-efficient rock landscaping, offering beauty and ease year-round. Additional upgrades include fresh interior paint, new baseboards, modern lighting fixtures, and more. Located in the desirable El Grande Estates 55+ community, residents enjoy fantastic amenities for only $50/month! Take advantage of the community pool, spa, clubhouse, billiards, shuffleboard, and a friendly, welcoming neighborhood atmosphere. Don't miss this move-in ready gem-schedule your private tour today!
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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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Listed by eXp Realty of California Inc | $309,000 | |
| Listed by eXp Realty of California Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017