701 Corral De Tierra Road
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 |
|---|---|---|---|
| Aug 15, 2019 | Sold | ||
| Sold | |||
| Jan 27, 2019 | No longer available | - | |
| No longer available | |||
| May 15, 2018 | Listed | $1,445,600 | |
| Listed | |||
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Approximately 222.4 acre ranch property located in the Pastures of Heaven in Corral de Tierra, CA. Just 15.5 miles to the beautiful Monterey Peninsula and 76 miles to the Silicon Valley. This sprawling property would make a scenic, private location for a dream home, horse facility or a gorgeous setting for a small organic garden. The property is currently being leased for cattle grazing.
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| Nov 15, 2017 | Listed by Douglas Elliman of California, Inc. | $1,445,600 | |
| Listed by Douglas Elliman of California, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017