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269 Carmel Drive
About This Property
While mostly original, the home offers great bones, a sought-after location, and the perfect opportunity to add your personal style and updates.
The seller has also taken proactive steps by having the home inspected by a local home inspection company, including wind mitigation and 4-point for insurance quotes. The report will be shared with potential buyers, and most noted items have already been repaired for added peace of mind.
Recent updates include exterior paint in June 2026, including soffits, plus freshly painted interior walls, doors, and trim. Additional features include a 2019 A/C, 2008 water heater, and 2023 roof.
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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.
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About Westlake Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017