2420 Romney Drive
About This Property
Artist retreat, private cabin in the woods. 1/4 acre lot with open space all around. Beautiful mountain views of Rocky Butte and forest views all around. New flooring and counter tops. Outbuilding/artist studio with a lot of natural light. Utility/laundry. Easy walk to ocean and Fiscalini Ranch. Ready to be lived in immediately and lots of options to add on. Come see this special property in person and you will feel its charm! This home could even be the guest quarters if you'd love to build a new home in Cambria right now!!
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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 |
|---|---|---|---|
| Oct 9, 2020 | Sold | ||
| Sold | |||
| May 19, 2020 | Listed by The Real Estate Company of Cambria | $529,000 | |
| Listed by The Real Estate Company of Cambria | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017