720 Santa Barbara Drive
About This Property
Again this house offers some interesting possibilities as it is composed of two sections that could eventually be independent of each other if the new owner chooses to. Hint hint for the entrepreneur in mind!
For example, the back part can be a Mother in Laws or elderly family member quarter, or a section for a family member, guest or just for the teenage kids in the house that can have their own space. Or you can do some serious house hacking, live in one and rent the other section.
So if you have a special housing need, come and check this house out. It could just work for you.
Not many large houses in this neighborhood, take advantage. Ask about our closing costs allowance
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Jun 22, 2025 | Price Decreased |
$219,500
↓ $5K
(2.4%) | |
| Price Decreased | |||
| Jan 29, 2025 | Listed by PPR-Real Estate Investment Ser | $224,900 | |
| Listed by PPR-Real Estate Investment Ser | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017