4520 Watkins Drive
About This Property
Situated in the University Hills neighborhood with serene, breathtaking views, sits an elegant two-story residence very close to UCR and UC Riverside Botanic Gardens. This pristine, 3 or 4 bedroom, turnkey home is just shy of 1800 SF and ready for you to move into this summer. You will enjoy pool time and relaxing in the huge, peaceful backyard. The views alone will keep you out from sunrise to sunset. Easily accessible to the 60 & 215 FWY, and just steps from Riverside STEM Academy makes this an ideal location for commuters and families alike.
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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 |
|---|---|---|---|
| Jun 18, 2020 | Sold | ||
| Sold | |||
| May 1, 2020 | Listed by WINDERMERE R.E. TOWER PROP. | $515,000 | |
| Listed by WINDERMERE R.E. TOWER PROP. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017