2351 Lance Street
About This Property
Welcome, Home to this 3 bedroom, 2 bathroom home in the Beachwood area. This home has been COMPLETELY UPDATED with a NEW ROOF, New interior and exterior paint, New laminate flooring in the living areas, new carpets in the bedrooms, and new hardware throughout. Plenty of cabinets and countertop space in the kitchen. Spacious bedrooms throughout with windows allowing for natural light. Large lot with Grapefruit and Orange trees. Original homeowner. Close to the 99 freeway for easy access to Downtown Merced and Atwater.
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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 |
|---|---|---|---|
| Jun 25, 2020 | Sold | ||
| Sold | |||
| Jan 7, 2020 | Listed by EXP Realty of California, INC | $216,000 | |
| Listed by EXP Realty of California, INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017