3126 Meyerloa Lane
About This Property
This is truly a home with indoor/outdoor living at it's finest, on a ultra private setting single story Ranch estate. This home has been in the same family for many decades. This property is surrounded by greenery, matured trees, gentle canyon breeze that feels like you are a world away. Huge wood deck covered patio area in the back yard with a gated sparkling pool view and city lights view. Private Oasis which entrails an open floor plan for entertaining. Very spacious living room with fireplace and high vaulted ceilings, gorgeous hardwood floors, gourmet chef's kitchen with double oven and opens to breakfast area. Large formal dining room holds many holiday and entertainment gatherings with a great family room. Master suite bathroom has access from the pool area. Very large circular driveway accommodates more than 10 cars plus over sized garage with workshop area. Property offers a newer roof, dual central AC/heating system, two water heater and a large sports court. One of a kind of property and your family can enjoy the home to the uttermost.
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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 |
|---|---|---|---|
| Apr 16, 2019 | Sold | ||
| Sold | |||
| Oct 30, 2018 | Listed by Coldwell Banker Arcadia | $1,698,000 | |
| Listed by Coldwell Banker Arcadia | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017