7207 Montecito Drive
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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 8, 2023 | Sold | ||
| Sold | |||
| Jan 19, 2023 | Listed by Ebby Halliday Realtors | $429,000 | |
| Listed by Ebby Halliday Realtors | |||
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Wonderful home located across from neighborhood pond creating tranquil views. Light and bright throughout, this spacious semi-open floorplan accommodates the pickiest of buyers. A large living area anchored by corner fireplace welcomes guest with natural light and flows effortlessly to surrounding rooms making entertaining a breeze. A well sized eat-in kitchen with SS appliances including double ovens has abundant storage and a breakfast bar. Enjoy relaxing in your Primary suite with soaring ceiling and beautifully appointed en-suite with dual vanities, garden tub, and separate shower. Secondary bedrooms are spacious and accommodating. The utility room is oversized with storage and a hanging bar. With a three car garage, you will find space for all your extra items. Lastly the backyard has plenty of grass and space for family pets, a pool, or for kids to run and play. The exterior of the home beckons the gardener in us all with the beautiful landscape. This home has space for everyone!
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| Jun 2, 2022 | Sold | ||
| Sold | |||
| May 26, 2022 | Listed by ERA Cornerstone Realty | $399,900 | |
| Listed by ERA Cornerstone Realty | |||
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About Oaks of Montecito
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20069072
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017