2914 Iris Avenue
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%.
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 |
|---|---|---|---|
| Jun 6, 2025 | Sold | ||
| Sold | |||
| May 11, 2025 | In contract | - | |
| In contract | |||
| May 11, 2025 | Price Increased |
$1,089,000
↑ $100K
(10.1%) | |
| Price Increased | |||
| Apr 22, 2025 | Listed by Bookmark Realty | $989,000 | |
| Listed by Bookmark Realty | |||
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Expansive Hacienda-style property has rare features like an oversized almost 17,000sf lot. Spacious 2,500+sf of living space with central Nest-controlled A/C and heating system, jaw-dropping primary suite with large spa-like tub and steam shower, in-ground swimming pool, hot tub, outdoor BBQ area to host massive gatherings! Stylish pergola, fountain, fire elements, and full fencing create an oasis resort perfect for entertaining. An abundance of fruit-bearing trees with avocados, lemons, limes, oranges, pomegranates, figs, & plums adorn the grounds. The west wing functions as a separate unit, with full kitchen, bedroom, bathroom, living room, entrance, and fenced yard. Close off one interior door, and you have an income-producing space. Currently rented on Airbnb generating over $20,000 in the last year. Parking for 6+ cars, a boat or RV. Tesla charger. Large sunroom perfect for a gym, workshop, art studio, or greenhouse! Space under the kitchen could be the perfect wine cellar. Extra storage in the insulated attic. Imperial Beach is located close by for beach outings. Venture to nearby estuary trails. 1 mile away from horse stables where you can ride along the beach! Located close enough to the Trolley stop to make adventures to Mexico or downtown easy and vehicle-free, yet far away enough not to hear the tracks. Easy access to freeways. Close the electric gate to the driveway and feel yourself detach from the rest of the world! You must absolutely see this home to appreciate and experience the privacy and serenity. It is not just a property, but a lifestyle!
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| Sep 10, 2022 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017