55551 Soto Street
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 |
|---|---|---|---|
| Feb 2, 2022 | No longer available | - | |
| No longer available | |||
| Nov 28, 2021 | In contract | - | |
| In contract | |||
| Nov 20, 2021 | Listed by Compass | $445,000 | |
| Listed by Compass | |||
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APN:763-370-030 is included in the sale which adjacent to this property. Making this purchase a total of 1.25 acres. There are 2 properties: Main home has 3 bedrooms 2 baths plus a den and a casita that offers 1 bedroom 1 bath.Owner owns a 25% interest in a water well for the properties. Casita is currently being rented with a cooperative tenant that will be moving out. Located in Thermal, only a few minutes away form The Thermal Club and Airport, These open lots have endless possibilities of things to do and is ready for your enjoyment or work purposes. The manager has listed the unit size as 1118 square feet.
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| Jul 19, 2016 | Sold | ||
| Sold | |||
| Apr 1, 2016 | Listed by Capitis Real Estate | $170,900 | |
| Listed by Capitis Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017