4888 Newport Lane
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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| Mar 28, 2024 | Listed by JACKSON RIVERO PROPERTIES, INC | $609,999 | |
| Listed by JACKSON RIVERO PROPERTIES, INC | |||
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Welcome to the 4888 Newport Lane, an immaculate home nestled in a quiet cul-de-sac, just bordering the historical wood streets of Riverside. This residence boasts gorgeous vaulted ceilings, laminate wood flooring, and an adorable brick fireplace in the living room. The kitchen features granite countertops and a large breakfast bar that opens to a cozy dining nook. Walk through the dining area and out the slider door to the fun and inviting, yet private, backyard. The miniature oasis feature's a covered patio and above ground pool, still with plenty of space to sun bathe or play corn hole in the yard. Please note that the pool has been drained for winter, but will be sparkling and ready for it's new owner. The primary suite features its own bathroom, large closet space, and double doors to the backyard. This home has 3 additional bedrooms, a full bathroom, and RV parking alongside a two car garage. Just minutes to Riverside Favorites like Mt. Rubidoux, Downtown Riverside, The Riverside Plaza, and the 91 freeway.
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| Mar 29, 2022 | Sold | ||
| Sold | |||
| Jan 14, 2022 | Listed by Active Realty | $546,900 | |
| Listed by Active Realty | |||
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Beautiful 4 bedroom, 1.75 bathroom, single story home on a quiet cul-de-sac street in the city of Riverside! Enjoy high ceilings, laminate wood flooring, and an inviting brick fireplace in the living room. The kitchen offers granite countertops, a tile backsplash, and a breakfast bar that opens to the breakfast nook. The primary bedroom features a walk-in closet and a walk-in shower in the primary bathroom. Sliding doors lead to the outdoor covered patio and back yard. Additional property highlights include a 2 car garage, RV parking, and no HOA. Convenient to local schools, parks, shopping, Santa Ana River Trail, and freeways!
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| Oct 12, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017