40347 Corte Martinez
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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%.
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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.
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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 |
|---|---|---|---|
| Mar 18, 2020 | Sold | ||
| Sold | |||
| Jan 27, 2020 | Listed by Signature Real Estate Group | $480,000 | |
| Listed by Signature Real Estate Group | |||
| Aug 16, 2019 | No longer available | - | |
| No longer available | |||
| Jun 20, 2019 | Listed | $460,000 | |
| Listed | |||
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Seated on a cul-de-sac in West Murrieta, this home features a double door entry, fresh paint inside & out, skylights, & 3 fireplaces! Plantation shutters are installed in selected areas of the house as well as crown molding to add some style to this beautiful home. The gourmet kitchen has granite countertops, a large island with storage and a sink, gas range, and recessed lighting. Downstairs you will find a bedroom along with a bathroom for your guests or mother-in-law. You will also find a laundry room with plenty of cabinets for storage & a sink. You can find the other three bedrooms, a bathroom with double sinks, and the master bedroom and bath upstairs. The master bedroom is spacious with vaulted ceilings & a glass door leading to the private balcony. The vast master bathroom has recessed lighting & a skylight, his and hers sinks with makeup vanity, separate soaking tub, frameless glass shower, & a walk-in closet with sliding mirrored doors. The balcony has a view of the trees & the backyard; the perfect spot for you to chill while sipping on your cup of coffee in the morning. The spiraling staircase leads to the covered patio where you can see the pergola covered, in-ground spa with a removable fence, and the built-in BBQ area where you can do some outdoor cooking. This home also has a QuietCool system that keeps the house colder on hot summer days. The manager has listed the unit size as 2882 square feet.
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About Murrieta Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017