5801 Balboa Dr.
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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Jun 15, 2025 | In contract | - | |
| In contract | |||
| May 30, 2025 | Listed by The GRUBB Company | $998,000 | |
| Listed by The GRUBB Company | |||
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A beautiful Zen-like retreat in Montclair. Surrounded by pines, cedars, and sunshine, it is easy to find peace in this unique setting. This Mid-Century home has a nice flow with an open & flexible layout. Enjoy the spacious, light-filled living room & dining area next to the beautiful, updated kitchen with views into the lovely, landscaped backyard. The living room has hardwood floors & a fireplace. Take a few steps up to the three bedrooms & two baths, including a primary suite with an updated bathroom, and walk-in closet. The meandering backyard is a gardener’s delight and enjoys a canopy of mature trees, a fishpond, planting boxes & areas for relaxation and contemplation. The front yard has a beautiful succulent display, redwood & pine trees, & creative gardening options. Downstairs the garage parking for two cars, laundry area, & has a bonus area that can be used as a workshop/office. Some of the recent upgrades include updating the kitchen and primary bathroom, window replacements, and upgrading the driveway with pavers.
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| Nov 14, 2017 | Sold | ||
| Sold | |||
| Oct 27, 2017 | Listed by COLDWELL BANKER RESIDENTIAL | $675,000 | |
| Listed by COLDWELL BANKER RESIDENTIAL | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017