25315 Flanders 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 |
|---|---|---|---|
| Oct 19, 2026 | Listed by Coldwell Banker Realty | $1,750,000 | |
| Listed by Coldwell Banker Realty | |||
| May 30, 2023 | Sold | ||
| Sold | |||
| Dec 27, 2022 | Listed by Coldwell Banker Realty | $1,550,000 | |
| Listed by Coldwell Banker Realty | |||
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Conveniently located on a quiet street with easy access to downtown Carmel, Big Sur, and all the wonderful amenities the Monterey Peninsula has to offer, this 3 bedroom home is ready for its new owners to enjoy. With over 1,700 SqFt of living space and ~14,000 SqFt lot, there is plentiful room to enjoy the indoor/outdoor living style that Carmel's idyllic weather provides. Highlights include 2 full/2 half bathrooms, attached 2 car garage, workout studio with jacuzzi, and an expansive yard with garden shed, lush landscaping, and stone paved pathways connecting the outdoor spaces. This Carmel pearl provides a wonderful opportunity in a price range rarely seen in Carmel.
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About Monterey
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017