37821 Cruces 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 |
|---|---|---|---|
| Dec 19, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Aug 19, 2025 | Listed by Tandado Real Estate, Inc. | $498,000 | |
| Listed by Tandado Real Estate, Inc. | |||
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One man's unfinished plan is another wo/man's best opportunity. Step into the upper level of this grand home, where you'll find the kitchen, living room with vaulted ceilings, wood-burning stove, and hearth, dining area, primary bedroom with en suite bath, and down the hall are additional bedrooms, guest bath, storage, and entry into the attached two-car garage. Downstairs, you find what could easily be an entire other house! There are additional sleeping rooms, living space, storage, the third bathroom, and it's easy to imagine the construction of another kitchen, separate formal entry, or any other comforts needed to make this an official mother-in-law suite/ADU/rental. That is, if you don't prefer to keep it as one contiguous space! There are balconies and decking off nearly every entry, with views stretching out to Palomar Mountain, over miles of public open space, and even all the way to Lake Henshaw. Your property here includes nearly 5 acres, some horsie amenities, and a well tapping into some of the greatest water in Southern California. Please pardon our dust as we continue to clean, and come envision all the ways you can make this place great and wonderful again.
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| Dec 26, 2013 | Sold | ||
| Sold | |||
| Nov 8, 2013 | Listed by Chameleon/Red Hawk Realty | $329,000 | |
| Listed by Chameleon/Red Hawk Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017