24822 Pappas Road
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 |
|---|---|---|---|
| Oct 23, 2025 | Price Decreased |
$815,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Aug 27, 2025 | Listed | $825,000 | |
| Listed | |||
| | |||
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Updated, single-story home in San Diego Country Estates. This comfortable home boasts large living and family room areas filled with windows, offering abundant natural light. Both rooms feature fireplaces: a traditional fireplace in the living room, a wood-burning stove with a floor-to-ceiling hearth in the family room. The kitchen opens to the family room, with counter bar seating, ample storage, and access to the dining room and outdoor patio. Three spacious bedrooms, two baths, and a laundry room complete the home. Multiple exterior doors lead out to a large elevated patio, perfect for entertaining or dining al fresco! Unique to the area, this home's driveway wraps below the patio, connecting to a massive two-car garage with an attached 23-foot-deep RV garage. This space is perfect for additional storage, a shop, or storing a boat or RV! The home also includes a paid solar system, providing low to no-cost energy. At just over half an acre, the property features a huge, fully fenced backyard with the space and potential for an additional ADU or private pool. The home is within walking distance to James Dukes Elementary and 10-15 minutes from downtown Ramona. Experience all that San Diego Country Estates has to offer, including the clubhouse with a restaurant, sports bar, event space, boutique hotel, 18-hole golf course, tennis/pickleball courts, and a community pool and spa. The community also provides a vast trail system for horse riding, biking, or hiking, and a 5-acre community park with a second pool, a bandstand, and grassy areas for picnics and community events.
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| Mar 4, 2020 | Sold | ||
| Sold | |||
| Feb 1, 2020 | Listed by Steele Canyon Realty | $559,900 | |
| Listed by Steele Canyon Realty | |||
| Dec 9, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017