23251 Respit Drive
About This Property
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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 |
|---|---|---|---|
| Jun 2, 2020 | Sold | ||
| Sold | |||
| Apr 8, 2020 | Listed by Redfin | $749,900 | |
| Listed by Redfin | |||
| Jun 19, 2019 | Sold | ||
| Sold | |||
| May 17, 2019 | Listed by Regency Real Estate Brokers | $699,900 | |
| Listed by Regency Real Estate Brokers | |||
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This home is a blank slate awaiting your vision and design talent to transform it! The perfect DIY project ready for your personal touch. This SINGLE-STORY home is located in the heart of Lake Forest with membership to local Beach and Tennis Club with low HOA dues and just steps to the newly remodeled Veteran's Park/Pond. Close to local shopping and schools. This popular floor-plan features 4-bedrooms, 2.5 baths, a 2-car direct access garage and convenient inside laundry. The kitchen, which adjoins the family room, has wood cabinets, white tile counters, dishwasher, refrigerator, range. The family room has with a cozy fireplace, built-ins, ceiling fan and has a cut-out window that peeks into the spacious living room; like the family room, it offers direct access to the backyard. A separate dining room area with a built-in buffet for additional storage is adjacent to the LR. The expansive master features a vanity area, a large walk-in closet and walk-in shower. The additional bedrooms are good in size; offer ample closet space, have ceiling fans, share a full bath with dual sinks. There's also plenty of storage cabinets for linens. The backyard is private and peaceful with a grassy area, colorful blooms, patio cover and lemon tree. The possibilities are endless. There is no Mello Roos. This is a great investment home! The home is in its original condition and is being sold AS IS with NO REPAIRS, NO CREDITS or termite repairs, which is reflected in the fantastic list price!
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About Lake Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017