479 Merida Drive
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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 |
|---|---|---|---|
| Mar 19, 2022 | No longer available | - | |
| No longer available | |||
| Feb 28, 2022 | In contract | - | |
| In contract | |||
| Feb 8, 2022 | Listed by Redfin Corporation | $750,000 | |
| Listed by Redfin Corporation | |||
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Escape the hustle and bustle of city life in this updated single story Fallbrook home. Nestled atop a bluff, this beauty offers sweeping views of the surrounding hillsides and spectacular sunsets every evening. A formal living room provides a great space for entertaining. The kitchen has been upgraded to feature granite counters, an eat-at-counter and a center island. The kitchen, dining area and family room flow seamlessly together for ease of daily living. New furnace and AC. The manager has listed the unit size as 2236 square feet.
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| Mar 16, 2020 | Sold | ||
| Sold | |||
| Jan 7, 2020 | Listed by Signature Real Estate Group | $599,999 | |
| Listed by Signature Real Estate Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017