2497 Elden Avenue
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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 6, 2021 | No longer available | - | |
| No longer available | |||
| Oct 27, 2020 | In contract | - | |
| In contract | |||
| Oct 16, 2020 | No longer available | - | |
| No longer available | |||
| Oct 15, 2020 | Listed | $1,169,900 | |
| Listed | |||
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This Craftsman style Eastside Costa Mesa home is move-in ready! Uniquely spacious in this desirable neighborhood, this expansive 3BR is larger than most 4BR homes in the area. New solar panels/ fully paid off and warrantied for 25 years! The dining and living rooms provide the added luxury of an office, playroom, or home classroom! This bright floor-plan is complemented with wood flooring throughout the 1st level, high ceilings and recessed lighting. The kitchen is perfect for gathering around the large island, topped with granite counters, and finished with wood cabinetry and stainless appliances. The family room flows seamlessly from the kitchen and features a stone fireplace and charming Dutch door to the backyard. The master bedroom has an en-suite full bath including a soaking tub, and 2 walk-in closets. Also upstairs are the 2 secondary bedrooms with plush carpeting and custom closet shelving. Down the hall a 2nd full bath and laundry room with cabinets for storage and washboard sink. Daydream under your covered patio while relaxing to the sounds of the water fountain. Newly expanded backyard with artificial grass. Tend to your organic garden in the raised planter. Beautiful hedge trees add to the space and privacy. 2-car finished garage is attached with direct access to the home. Close to stunning Back Bay and Brentwood Park for outdoor fun! Easy freeway access to the 55, 405 and 73 Fwys. Located within the boundaries of the highly regarded Newport Mesa Schools. The manager has listed the unit size as 2328 square feet.
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| Oct 2, 2020 | Price Decreased |
$1,169,900
↓ $30K
(2.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017