420 Hillcrest Drive
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 |
|---|---|---|---|
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| May 25, 2018 | Sold | ||
| Sold | |||
| May 15, 2018 | Listed | $1,050,000 | |
| Listed | |||
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Life is good in this three bedroom, three bath home with single level living possible only a block away from the beach pathway. Strolling on a morning walk with your dog on the beach or walking with your family to Marianne's Ice Cream in the evening make for the perfect Aptos beach lifestyle. The house was completely remodeled in 2012 when an additional 800 square feet was added to a classic beach house. A spa-like master bedroom suite with an ocean view deck is perfect for morning cups of joe or evening glasses of Rose'. It is simple economics; they aren't making more beach or beach homes. The manager has listed the unit size as 1288 square feet.
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| Apr 13, 2018 | Listed by Strock Real Estate | $1,050,000 | |
| Listed by Strock Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017