506 Encino 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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 27, 2021 | In contract | - | |
| In contract | |||
| May 19, 2021 | Listed | $755,000 | |
| Listed | |||
| | |||
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Inviting home that welcomes you to an open, beamed ceiling floor plan that boasts an abundance of windows allowing bright streams of sunshine to complement tree studded views. A farm style kitchen and fireplace contribute to the coziness of this open concept. The master bedroom suite and second bedroom are separated by the laundry room, bathroom and kitchen for privacy. 2 decks accommodate outside entertainment surrounded by the 1/4 acre lot with room for chickens and garden. A 2 car garage is also a bonus. Dont miss this affordable property, close to the beach and great commute location. Some photos virtually staged. The manager has listed the unit size as 1157 square feet.
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| Aug 21, 2019 | Sold | ||
| Sold | |||
| Jun 27, 2019 | Listed by David Lyng Real Estate | $609,000 | |
| Listed by David Lyng Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017