753 Monterey 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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jan 28, 2021 | In contract | - | |
| In contract | |||
| Jan 26, 2021 | No longer available | - | |
| No longer available | |||
| Jan 13, 2021 | Listed | $575,000 | |
| Listed | |||
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*FULL 3D TOUR https://bit.ly/39A8JCW Welcome to 753 Monterey Ln. This beautiful, turnkey, home is located just a short drive from the beach, restaurants, and shopping. Once inside you're greeted by freshly painted walls and gorgeous wood look tile flooring. The heart of the home comes complete with an updated kitchen that includes ultra-modern stainless steel appliances, a built-in microwave, granite countertops, stunning tile backsplash, cabinet space a-plenty, and a fixed dining nook perfect for a Sunday brunch with family or friends. With plenty of natural light and large sliding glass doors that open to the backyard, the spacious living room is designed for entertaining. 2 well-sized guest bedrooms, a remodeled full bath with granite counters, and a large master bedroom are ideal for lounging. The master is light and bright and features an ensuite bath with a granite countertop. The immaculate backyard offers plenty of space for entertaining after a relaxing day at the beach. Come see all that this wonderful home and community has to offer! The manager has listed the unit size as 1400 square feet.
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| Aug 31, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017