48845 Derby Way
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 |
|---|---|---|---|
| Apr 22, 2023 | No longer available | - | |
| No longer available | |||
| Mar 22, 2023 | In contract | - | |
| In contract | |||
| Mar 18, 2023 | Relisted | $385,000 | |
| Relisted | |||
| Mar 1, 2023 | In contract | - | |
| In contract | |||
| Feb 22, 2023 | Listed by HomeQuest Advantage Properties | $385,000 | |
| Listed by HomeQuest Advantage Properties | |||
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The Lake Riverside Community Association HOA also includes sports courts, community pool, meeting room, equestrian center with arena and round pen, bike pump track and a 3600' lighted private airstrip. All of this only 25 min outside of Temecula or approx 40 min to Palm Desert. Roads are HOA maintained and there is a CalFire station located within the community. Schedule your showing to enjoy this beautiful home and property. Lots of direct access horse, biking and hiking trails! The manager has listed the unit size as 1248 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017