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30034 Magic Drive
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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 |
|---|---|---|---|
| May 30, 2024 | No longer available | - | |
| No longer available | |||
| May 7, 2024 | In contract | - | |
| In contract | |||
| Apr 29, 2024 | Listed by Realty Masters & Associates | $619,000 | |
| Listed by Realty Masters & Associates | |||
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This Beautiful luxury mountain home, is located in the exclusive area of Enchanted Way Estates. This home has 3 bedrooms and 2.5 bathrooms in a very spacious 2,678 sqft home. Enjoy all the luxury's this home has to offer with four decks across three levels, The primary suite has a private deck and a jacuzzi bathtub, The family room has a beautiful fireplace and a huge dining area . The kitchen was definitely made for a cooks dream. It has high end appliances, sub zero fridge, new dishwasher, and lots of counter space. This home also features new flooring downstairs, new water heater, central heating and air, along with two fireplaces, wood shutters on the windows, whole house vacuum system, and a small bonus room above garage. This property is also fenced in, which is always a wonderful feature up here in the mountains. There are so many amazing things about this house, come see to understand all that it has to offer. It currently is used by family, friends and occasional airbnb. The manager has listed the unit size as 2682 square feet.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 17, 2021 | Sold | ||
| Sold | |||
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About Running Springs
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$2,900 /mo
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$1,800 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017