3502 Monserate Hill
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 |
|---|---|---|---|
| Jan 2, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Dec 9, 2024 | Listed by Real Broker | $299,000 | |
| Listed by Real Broker | |||
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5 acre build site with all the key components needed to build your own home. Views toward the ocean to the West and Mountains to the South over the San Luis Rey Valley Riverbed. This site has a small viewing pad in the area that the house pad would be located. There is 440 electric with a meter on the property for the well, 1" water meter on site, working well that produces ~300 gpm with water rights. Fire hydrant on site. Approved septic layout for a 5 bedroom home. Preliminary grading layout. This lot takes all the guess work out of investigating to see if a lot is buildable. The Well is currently income producing, selling water to neighboring lots. Possible Seller Financing*
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017