28795 Avenida Marbella
About This Property
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 3, 2021 | In contract | - | |
| In contract | |||
| Feb 22, 2021 | Listed | $540,000 | |
| Listed | |||
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Wow! This 2 story home inside the lovely Menifee Lakes Estates features 5 bedrooms, 3,554 square feet, has been highly upgraded, and is set on a cul-de-sac. When you walk inside you are greeted with 20' ceilings and custom tile flooring. The kitchen opens to the family room and is perfect for large family gatherings and entertaining. Off the other side of the kitchen is a formal dining and living room. There is a downstairs bedroom and full bathroom, with a large walk-in laundry room & sink. Upstairs you will find 4 additional bedrooms and a large loft area that could be a home theater, playroom, or 6th bedroom. The grand master suite features a double-sided fireplace and a retreat. The master bath has his and hers closets, dual sinks, a jetted tub, walk-in shower, and water closet. All the carpet has been replaced with new laminate or vinyl flooring for easy maintenance! Outside you will find a little piece of heaven with the custom rock waterfall and gorgeous landscaping. Sit under the alumawood patio cover and enjoy the sounds of water & privacy from neighbors. Make sure to check out the garage, it's a show stopper! Custom-built cabinets line the garage with a work area, epoxy coated floor, and a custom wall to give you a private 3rd car garage. Located right off of Newport Road, this home is minutes away from shopping, schools, and entertainment. This community has no HOA and low taxes! The manager has listed the unit size as 3554 square feet.
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| Jul 31, 2020 | Sold | ||
| Sold | |||
| Jun 25, 2020 | Listed by Re/Max Real Pros | $515,000 | |
| Listed by Re/Max Real Pros | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017