470 Marcia 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 |
|---|---|---|---|
| Sep 29, 2021 | No longer available | - | |
| No longer available | |||
| Sep 23, 2021 | Listed by Compass | $1,225,888 | |
| Listed by Compass | |||
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Welcome, Home! This stunning turn-key 4 bedroom, 2 bath Morgan Hill home offers 2,573 sq ft of well-appointed living space. The desirable floor plan features an updated kitchen which includes a gas stove, stainless steel appliances, a wine fridge, and an abundance of cabinets and granite countertop space that opens up to a gorgeous family room with wood ceiling beams, and a fireplace. The separate living room and dining room provide great space for entertaining and the spacious primary suite is a calming, peaceful retreat. You will love the serene backyard which includes amazing views of the hills, a beautiful deck that overlooks the lower lawn, and open space which can be used for a play structure, trampoline or simply relax by the firepit. Conveniently located with easy commute access into San Jose and near popular downtown Morgan Hill which offers many shopping and dining options as well as their famous festivals. You will not want to miss this one-of-a-kind gem! The manager has listed the unit size as 2573 square feet.
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| Mar 27, 2018 | Sold | ||
| Sold | |||
| Feb 23, 2018 | Listed by RE/MAX Realty Partners | $979,000 | |
| Listed by RE/MAX Realty Partners | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017