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2431 Vernon Ranch Way
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 |
|---|---|---|---|
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2026 | Price Decreased |
$799,000
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Sep 2, 2026 | Listed by Douglas Elliman of California, Inc. | $849,000 | |
| Listed by Douglas Elliman of California, Inc. | |||
| May 22, 2024 | Sold | ||
| Sold | |||
| Nov 17, 2023 | Listed by Real Broker | $860,000 | |
| Listed by Real Broker | |||
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Welcome to your new sanctuary at 2431 Vernon Ranch Way in Lemon Grove! Offered at $820,000-$860,000 this meticulously maintained 3 bed + a spacious loft (easily convertible to a 4th bed), 2.5 bath, 1,969 sqft home boasts luxury, engineered wood flooring, owned solar to keep your energy bill at the bare minimum as well as upgrades galore. The kitchen is a chef's delight with brand new stove/oven, kettle faucet pot filler on kitchen backsplash to make cooking a breeze, beautiful large island and plenty of counter and cabinet space. The separate laundry room is equipped with a sink, folding counter space and cabinets to keep everything organized. The spacious backyard has beautiful landscaping and is primed for entertaining, with a large California room with surround sound in addition to a huge grassy area. Nestled in a cul-de-sac within a community of 9 homes, it’s the perfect haven for family living. Don’t miss out on this gem!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017