392 Noble Drive
About This Property
Step outside to an easy-maintenance backyard with a covered patio and wood fencing, offering a private space to relax, dine, or entertain. Additional features include a stucco exterior and tile roof. Situated in North Merced, the home is conveniently located near shopping, dining, schools, parks, medical services, and other everyday amenities, with easy access to major roads.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by Realty Executives Of Northern California | $489,995 | |
| Listed by Realty Executives Of Northern California | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017