26
Map
307 S Montecito Dr
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 |
|---|---|---|---|
| Aug 7, 2026 | Listed | $350,000 | |
| Listed | |||
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 8, 2026 | Price Decreased |
$325,000
↓ $60K
(15.6%) | |
| Price Decreased | |||
| Mar 17, 2026 | Listed | $385,000 | |
| Listed | |||
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Investor Opportunity with Incredible Mountain Views! Located in a beautiful established neighborhood, this ranch style home backs directly to Walker Ranch, offering stunning views and a peaceful natural setting right on your 1 acre plus back yard.
This 3 bedroom, 2bath home with 2 car attached garage features the convenience of single level living, making it appealing to a wide range of families. The layout provides a solid foundation for someone ready to bring their vision and add value.
The home needs TLC including a clean out, new carpet, and a little curb appeal- but with the right updates this property has excellent potential for equity or resale.
Whether you are an investor, flipper, or buyer looking for sweat equity opportunities like this with views and backing to open space - on't come along often.
Seller needs quick sale. Priced accordingly. Home next door just sold for $430k.
Make offer. All offers considered.
Don't miss the chance to turn this property into something special.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017