375 Maravilla Drive
About This Property
Step outside into a backyard paradise: 30 fully PAID OFF SOLAR PANELS elegantly installed on a spacious permitted patio not only reduce your carbon footprint but also significantly lower energy costs. Lounge by the sparkling pool, surrounded by lush landscaping and shaded areas, or tend to your own raised garden beds overflowing with fresh vegetables. Enjoy the bounty of multiple fruit trees including oranges, grapefruit, lemon, and tangerine, adding a touch of sweetness to your daily life.
Inside, the home is adorned with newer vinyl windows throughout, a whole house and attic fan to assist the central air in keeping the interior cool and comfortable and a newer water heater (2020). But the perks don't end there! There is NO HOA & low taxes! Come Check it out.
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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 |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Jun 29, 2024 | Listed by RE/MAX ADVANTAGE | $675,000 | |
| Listed by RE/MAX ADVANTAGE | |||
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About University
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017