2753 Drake 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%.
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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 |
|---|---|---|---|
| Jul 13, 2020 | Sold | ||
| Sold | |||
| Jun 3, 2020 | Listed by Crown Real Estate Team | $805,000 | |
| Listed by Crown Real Estate Team | |||
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Be ready to step into this beautiful, Mesa Del Mar home featuring 3 bedrooms and 2 bathrooms. This home is completely turnkey, it is so close to the coast you can feel the ocean breeze. It features laminate wood flooring throughout the home, dual pane windows, crown molding and new central AC. Both bathrooms are completely remodeled with charcoal tile flooring, custom-tiled shower in the master, and new sinks and vanities. Enjoy a home-cooked meal in this upgraded kitchen with granite countertops, custom backsplash, stainless steel appliances, and large bay window. Its spacious living room is complete with a wood burning fireplace, recessed lighting, and has direct access to the landscape. Entertain your guest in this backyard filled with hanging string lights and a floating sunshade canopy. Driveway has potential for a boat or RV access, so long it might fit up to 3-4 vehicles. Check out ALL these convenient locations: minutes away from Fashion Island, South Coast Plaza, near the 405, 55, and 73 freeways, 10 minute drive to University of California, and 20 Minutes away from Pacific City/Newport Beach. Overall, schools in this area are in the top 10% in California. You can take your fury companion to the Costa Mesa Bark Park only a short walk away.
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| Feb 16, 2017 | Sold | ||
| Sold | |||
| Jan 13, 2017 | Listed by RE/MAX Prestige | $724,888 | |
| Listed by RE/MAX Prestige | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017