2480 Redwood Drive
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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 15, 2024 | Sold | ||
| Sold | |||
| Jul 8, 2024 | Listed by Bailey Properties | $865,000 | |
| Listed by Bailey Properties | |||
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Minutes from the beach, this home is surrounded by natural beauty with easy access to Aptos Village. Filled with light through numerous windows and skylights, the home offers comforts such as; vaulted ceilings, NEW wood burning stove, quartz countertops, wide plank flooring, and new furnace. New GE profile appliances. Open floor plan with magical views from your kitchen and upstairs deck where you will get the benefit of awesome sunsets! Upstairs are 2 bedrooms and full bath, kitchen, living area and family room with sliding glass door to the back area garden. Downstairs can function as a private guest unit; with 2 bedrooms and full bath and living room. Located only minutes away from Santa Cruz beaches, unique eateries and shops, and Nisene Marks State Park for even more exploration!
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| Jul 19, 2018 | Listed by Bailey Properties | $490,000 | |
| Listed by Bailey Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017