3601 Martin Drive
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 |
|---|---|---|---|
| Sep 20, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | Listed by Realsmart Properties | $2,298,000 | |
| Listed by Realsmart Properties | |||
| Oct 21, 2023 | No longer available | - | |
| No longer available | |||
| Oct 6, 2023 | Listed by RealSmart Group | $1,250,000 | |
| Listed by RealSmart Group | |||
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Introducing a great value-add opportunity in San Mateo! Situated in a prime San Mateo Village location near shopping, transportation, parks, and major employers. This 3BD/1BA home with generous yard space is being offered as-is, with potential for a homeowner looking for a chance to build equity while they make the home their own, or for a builder/contractor in search of their next project. Invest in the path of progress, walking distance to San Mateo's newest live/work hub and the beautiful Bay Meadows mixed use complex, with beautiful public parks, coffee shop, brewery and more. The manager has listed the unit size as 1140 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017