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273 Mesa
About This Property
Inside, the home immediately impresses with its clean architectural lines, smooth drywall finishes, and thoughtfully curated design details. Rich oak hardwood floors extend throughout the main living spaces, complemented by an open-concept layout filled with natural light. Custom electric blinds in the living room and rear patio doors add both convenience and sophistication, allowing for seamless control of light and privacy. At the heart of the home, the gourmet kitchen blends timeless style with everyday functionality. Quartz countertops, custom cabinetry, a built-in refrigerator, and a premium steam oven create a culinary space tailored for both casual meals and elevated entertaining. The adjoining living and dining areas bringing warmth and ambiance to multiple gathering spaces while enhancing the home's inviting flow. This home has a filtration system along with a tankless water home. Ideally situated near the scenic Back Bay trails, beautiful beaches, and the acclaimed shopping and dining destinations at Fashion Island, this exceptional residence captures the best of coastal California living.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017