490 Monroe Street
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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 27, 2018 | Sold | ||
| Sold | |||
| Feb 2, 2018 | Listed by Coldwell Banker Realty | $845,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 13, 2017 | Listed | $829,000 | |
| Listed | |||
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Charming home PLUS studio located just a short stroll to downtown Monterey and Fisherman's Wharf. Featuring a main house with 3 bedrooms, 2 baths and a separate studio with its own bathroom and full kitchen, makes this an excellent investment opportunity to live in one and rent out the other. Main house offers updated kitchen with granite counters, hardwood and tile flooring. Enjoy downtown shops and restaurants with this conveniently located home in the "Heart of Old Monterey. The manager has listed the unit size as 1560 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017