$425,000
●
House -
Off Market
645 Cypress Circle
Redlands, CA 92373
2 Beds
1 Bath
816 Ft²
$582,138
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
Homes on this street are seldom available. Cypress Circle is a
magical neighborhood. The sidewalk runs down the middle of the
street and is surrounded by tall Italian Cypress trees. This
charming house has been renovated and is move-in ready. It is a
single level with a remodeled kitchen and bathroom. There is a
brand new mini-split heat and air conditioning unit. The garage was
just converted into a multi-purpose room. It has its own mini-split
heat and airconditioning system. Used as a home office now, it
could be a yoga or craft room or guest bedroom. You are practically
in downtown Redlands and can walk just a few blocks to downtown and
the Albertsons shopping center. There is a lovely yard with mature
fruit trees including avocado, pomegranate, peaches, and citrus.
Excellent Redlands schools.
Unit Size
816 Ft²
Days on Market
40 days
Land Size
0.12 acres
Price per sqft
$521
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1921
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (CRMLS #EV20124565)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 10, 2020 | Sold | ||
| Sold | |||
| Jul 1, 2020 | Listed by RITA SHAW BROKER & ASSOCIATES | $425,000 | |
| Listed by RITA SHAW BROKER & ASSOCIATES | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About South Redlands
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Listed by: RITA SHAW, RITA SHAW BROKER & ASSOCIATES
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV20124565
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV20124565
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