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285 Princeton Drive
About This Property
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Beautiful ranch style, mid century home in fabulous College Park Costa Mesa. Tall vaulted ceilings and completely open floorplan with remodeled kitchen and baths, fresh paint, newer carpeting and windows! Perfectly situated in central Costa Mesa within an easy walk to neighborhood schools, parks, and the Orange County Fairgrounds. Picture perfect and ready to go!
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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 |
|---|---|---|---|
| May 21, 2020 | Sold | ||
| Sold | |||
| Apr 16, 2020 | Listed by Coldwell Banker Realty | $850,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017