568 River Oaks 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 |
|---|---|---|---|
| Feb 21, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
| Jan 15, 2025 | Price Decreased |
$655,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Nov 24, 2024 | Price Decreased |
$660,000
↓ $15K
(2.2%) | |
| Price Decreased | |||
| Nov 9, 2024 | Listed by RE/MAX Parkside Real Estate | $675,000 | |
| Listed by RE/MAX Parkside Real Estate | |||
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This Mediterranean-style villa offers a perfect blend of elegance, comfort, and functionality, located just a few minutes from downtown Paso Robles and close to local amenities like Kermit King Elementary School, River Oaks Golf Course, and the Allegretto Vineyard Resort. Situated on a desirable end lot, this turn-key home provides stunning mountain views and an abundance of natural light, making it both bright and energy efficient. The home features a spacious, open-concept ground floor designed for modern living and entertaining. High ceilings and Luxury Plank Flooring create a sophisticated feel throughout, while the large living room seamlessly flows into the dining area, kitchen, and outdoor patio. The kitchen is a chef's dream with granite countertops, a subway tile backsplash, and ample cabinetry, ideal for both everyday cooking and hosting guests. Upstairs, you'll find three bedrooms, two updated bathrooms, and a convenient laundry/utility room. The flagstone patio, fully fenced for privacy, offers a perfect spot for outdoor relaxation, complete with a hot tub for enjoying Central Coast evenings. Recent updates include a new dishwasher, all-new toilets, a belt-drive garage door opener, and an insulated garage door. The HVAC system has been recently inspected and tuned up, and a tankless water heater ensures efficient hot water on demand. Additional upgrades include an integrated indoor speaker system, and ceiling fans. Located in the heart of Paso Robles Wine Country, it offers the ideal blend of luxury and practicality. Home is located near play area with structures and slides as well as a bocce ball or corn hole court. Come take a look today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017