408 A E Balboa
About This Property
3 Custom fireplace s with cut glass rock Multiple finished view balconies including covered area with fireplace lighting and refrigerator. Wall sconces – private Antiques plaster finish on outside of home.. Ocean, mountain, coastline, and city lights views ! 1 car attached garage with additional covered car port. Talk about location to beach and areas. Walking distance to Beach, Ferry, Fun Zone and restaurants. Excellent opportunity to own a great rental property just in time for peak rental season.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 9, 2013 | Sold | ||
| Sold | |||
| Jan 30, 2013 | Listed by Service First Realty | $1,150,000 | |
| Listed by Service First Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017