2937 Cottage Lane
About This Property
Beyond the individual residence, the community amenities are truly exceptional. Residents have access to a clubhouse with a full kitchen and meeting room, allowing for gatherings and events-the year-round heated pool and spa offer relaxation and rejuvenation. The play area and BBQ facilities offer opportunities for outdoor recreation and entertaining. This community is in a highly desirable area, close to Kermit King Elementary School, Cuesta College North Campus, River Oaks Golf Course, and Hot Springs. For wine enthusiasts, the area is surrounded by beautiful vineyards, offering the opportunity for wine tastings and tours. Convenient access to Highways 46 and 101 ensures easy commuting and exploration of the surrounding area. In addition to the Pool amenities, the HOA includes Cable TV, high-speed internet, and front landscaping maintenance.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 19, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| May 21, 2024 | Listed by RE/MAX Parkside Real Estate | $665,000 | |
| Listed by RE/MAX Parkside Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017