7975 Rainey St.
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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%.
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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 | |||
| Sep 16, 2021 | In contract | - | |
| In contract | |||
| Sep 15, 2021 | Price Increased |
$900,000
↑ $71K
(8.6%) | |
| Price Increased | |||
| Sep 8, 2021 | Listed by Compass | $829,000 | |
| Listed by Compass | |||
| | |||
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Situated on an expansive lot with fantastic private outdoor spaces and gorgeous mountain views, this sophisticated turnkey La Mesa home has been lovingly cared for and tastefully updated to blend traditional charm with modern luxuries. Upgrades include fully renovated kitchen and bathrooms with high-end finishes, new interior paint, dual pane windows, full size LG washer and dryer, central forced AC/heat with the Nest system and the home is powered by a fully owned solar system. Recent kitchen enhancements include a newly expanded peninsula complete with quartz countertops and tile backsplash, gas cooking with newer stainless steel appliances, newly refaced & repainted cabinets and soft close drawers, plus lighting and electrical updates. The spacious lot offers excellent storage and provides multiple areas for entertaining and relaxation with a large covered patio off the living room, professionally landscaped front and rear yards, a concrete side yard, an XL driveway and an outdoor workshop next to the oversized 2 gar garage. A short drive to downtown, Balboa Park, and SD’s famous beaches, 7975 Rainey St is conveniently located to freeway access, parks, schools, restaurants/coffee shops and all of the attractions that San Diego has to offer! Hurry, this spectacular property will not last long! The manager has listed the unit size as 1274 square feet.
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| Sep 10, 2020 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017