29040 Varela Lane
About This Property
Upstairs are 2 bedrooms and a full bathroom with tub/shower combo. The master bedroom has a retreat, perfect for a nursery or a sitting area. There is a private balcony just off the master bedroom with views of the backyard. The master bathroom has dual sinks and a tub/shower combo.
Outback is a large alumiwood covered patio with a ceiling fan over looking the pool and perfect for entertaining. The pool area is fenced and has irrigation. There is plenty of storage on the property with a shed that hides the pool equipment and room for gardening tools. A 20ft container stays with the property as well. Whole house fan and PAID FOR SOLAR helps keep bills low. Plenty of room for your horses and desert toys!
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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 |
|---|---|---|---|
| Mar 16, 2018 | Sold | ||
| Sold | |||
| Sep 20, 2017 | Listed by Coldwell Banker Assoc Brkr-SC | $429,999 | |
| Listed by Coldwell Banker Assoc Brkr-SC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017