769 Reef Dr.
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 | |||
| Apr 27, 2021 | In contract | - | |
| In contract | |||
| Mar 23, 2021 | Listed | $630,000 | |
| Listed | |||
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Welcome to the Otay Mesa neighborhood! A very well established neighborhood! Very close to major freeways and shopping centers. Enjoy the panoramic views on this recently remodeled home. Enjoy tons of parking with an extended driveway and great square footage inside the home that would allow you to enjoy your living room and family room. AC, smart alarm and many more features that will make you love this home. Roof top deck with city light will make you take a breather and in no time you will be calling this your home. The manager has listed the unit size as 1658 square feet.
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| Aug 23, 2017 | Sold | ||
| Sold | |||
| Jul 13, 2017 | Listed by Renovation Realty | $475,000 | |
| Listed by Renovation Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017