32921 Paterno Street
About This Property
As you enter the home you will notice that it is clean, freshly painted and ready for your arrival. Stairs are to the right of the front door and to the left could be a formal dining area or living area, you can see the large flat backyard from the front door, the flat lot provides unlimited potential, maybe a pool or plush green trees? You decide. An alum-a-wood patio cover provides a nice shaded outdoor space, and the backyard has mountain views and lots of privacy as there are no rear neighbors. The kitchen has white tile countertops in the kitchen, dark brown cabinets and black appliances. The window over the kitchen sink looks out to the backyard. Laundry is located on the first floor, along with a powder room. All 4 bedrooms are located upstairs along with two additional bathrooms. This home has been competitively priced and prepped for a fast sale and has recently had all new interior paint, repaired exterior stucco, new outlet covers and other updates that help make this home ready to move in.
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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 |
|---|---|---|---|
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Oct 30, 2024 | Listed by Realty ONE Group Southwest | $579,000 | |
| Listed by Realty ONE Group Southwest | |||
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About Paloma del Sol - Paseo del Sol
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017