3902 SHAKESPEARE WAY
About This Property
The updated kitchen features granite countertops, stainless steel appliances and cabinetry extending to the ceiling for additional storage. Bathrooms have also been updated. Major mechanical updates include a Trane HVAC system with humidifier installed in 2024 and a water heater replaced in February 2020.
The unfinished walk-out lower level provides abundant storage and the opportunity to create additional finished living space, with a rough-in already in place for a future full bathroom. The washer and dryer are also located on this level.
Outside, the nearly one-acre property, with NO HOA, backs to mature trees and woods, providing a peaceful natural setting with plenty of space to relax, garden or entertain. A covered front porch, carport and new paved driveway complete the package. Freshly updated, move-in ready and offering room to grow-this Monrovia home is ready to welcome its next owner!
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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 18, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Listed by Redfin Corp | $475,000 | |
| Listed by Redfin Corp | |||
| Jul 1, 1988 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017