724 Convertible Lane
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 6, 2020 | Sold | ||
| Sold | |||
| May 6, 2020 | Listed by Century 21 Award | $624,999 | |
| Listed by Century 21 Award | |||
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An incredible opportunity in Fallbrook for 2 houses on 1 lot! Main house is a charming 4BR, 3BA single story nicely upgraded with stainless steel appliances, upgraded laminate flooring, and upgraded bathrooms. Functional, open floorplan with beautiful views of the yard. Situated on a flat and usable 0.5 acre lot provided endless potential for income potential, boomeranging children, in-laws, and more. Second house is a 1BR + a bonus, 1BA. Just minutes to downtown Fallbrook, the I-15 freeway, and more!. Neighborhoods: Fallbrook Equipment: Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL
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| Jan 29, 2019 | Sold | ||
| Sold | |||
| Dec 12, 2018 | Listed by UpCountri Homes & Estates | $520,000 | |
| Listed by UpCountri Homes & Estates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017