PREMIUM LOCATION, NEXT TO EVERYTHING! Get the best of both worlds
by having a newer-construction home yet with low Mello Roos. This
pristine condition townhome built in 2005 features Two Master
Suites, one on each floor, 3 Baths, Bright and Airy Open Floor
Plan, Indoor Laundry, & Direct-Access 2 Car Garage. THE VIEWS from
this home are serene as IT IS THE ONLY unit of this rare and
popular model that is located directly in front of a large grassy
area, adjacent to higher-value detached homes. The open great-room
style kitchen, living room, and dining room are awash with an
abundance of natural light through the oversized picturesque window
in the living room. A roomy half bath next to the coat closet is
convenient for guests. The main master suite includes a large
walk-in closet dual vanities and a full bath. The gourmet kitchen
is equipped with plenty of cabinetry and granite countertops. The
second master suite also has a generous walk-in closet, dual
vanity, full bath, and a sliding glass door leading to a private
patio. The SELLER RENTED THE DOWNSTAIRS SUITE for $950/mo! UPGRADES
INCLUDE QUALITY WOOD FLOORS THROUGHOUT, PLANTATION SHUTTERS,
recessed lighting, upgraded baseboards, and 220V OUTLET in the
garage for ELECTRIC VEHICLE CHARGING. Steps away from gorgeous
pool&spa and most PRIVATE and QUIET location within this tract.
Attend HIGHLY ACCLAIMED SCHOOLS all in the city of Irvine. Next to
10-acre park*Model Match Floorplan in community nearby sold for
$595k in Aug2017!
Unit Size
1,200 Ft²
Days on Market
39 days
Land Size
-
Price per sqft
$473
Property Type
Condo
Property Taxes
-
HOA Dues
$312
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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