740 Encino Drive
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 |
|---|---|---|---|
| May 14, 2025 | Sold | ||
| Sold | |||
| Apr 18, 2025 | Listed | $1,385,000 | |
| Listed | |||
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This beautifully updated 3-bedroom, 2-bathroom home offers approximately 1,472 sqft of comfortable living space on an expansive approximately 12,282 sqft lot. Step inside to discover a spacious open-concept layout featuring a remodeled white kitchen and adjoining dining area and family room with soaring ceilings and a cozy wood-burning fireplace. Recent updates include fresh interior and exterior paint, new carpet, and vinyl plank flooring throughout. The primary suite has an attached bathroom with a custom travertine shower and sliding door that leads to your own private patio in the backyard. The meticulously landscaped yard is an entertainers dream, complete with a sparkling pool, private patio off the primary suite, and plenty of space for gatherings. With ample room for an ADU, garden, or outdoor kitchen, the possibilities are endless. The large side yards offer convenient parking for trailers or recreational vehicles. Additionally, there is an attached 2 car garage. Located in a quiet, desirable neighborhood zoned for Paradise Valley Elementary, this home is also just minutes from Downtown Morgan Hills dining, shopping, and grocery stores. Dont miss this rare opportunity to own a slice of paradise!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017