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40864 Johnston Avenue
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 31, 2024 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Nov 13, 2024 | Listed by Coldwell Banker Assoc Brkr-SC | $475,000 | |
| Listed by Coldwell Banker Assoc Brkr-SC | |||
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Discover this beautifully remodeled 3-bedroom, 2-bath home situated in a desirable neighborhood of Hemet. Nearly everything in this residence is brand new. The bright and modern living and family rooms are divided by an elegant wood and gas-burning fireplace and feature dual ceiling fans, complemented by two sliding glass doors. Beautiful and brand new lvp spans the main areas and hallways. The updated kitchen includes quartz countertops, white cabinets, new stainless steel appliances, new lvp flooring, and recessed lighting. The master suite boasts a large closet and a luxurious en-suite bathroom with dual sinks, a quartz countertop, and a 4x4-foot shower. All bedrooms are ample in size and feature ceiling fans, new carpet, and sliding closet doors. Additional highlights include new double-pane windows, six-panel doors, recessed lighting, a new A/C unit, furnace, water heater, and a new roof. The home has a brand new roof, new landscaping the front, low maintenance backyard, has been freshly painted inside and out, and offers stunning mountain views.
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| Aug 23, 2017 | Sold | ||
| Sold | |||
| Jun 22, 2017 | Listed by Lux Previews Real Estate | $249,500 | |
| Listed by Lux Previews Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017