8322 Solano Street
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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 |
|---|---|---|---|
| Feb 18, 2021 | Sold | ||
| Sold | |||
| Jan 6, 2021 | Listed by Fathom Realty Group Inc. | $669,000 | |
| Listed by Fathom Realty Group Inc. | |||
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Lovely updated family home has 4 bedrooms and 2 bathrooms on an approx. 7300 sq ft lot with a huge side yard with potential for a granny flat. The front of the home already has an enormous permitted family room addition that allows for limitless possibilities! Fresh paint and brand new luxury vinyl plank flooring throughout, with new baseboards, and NO transitions between rooms. Living room features a brick hearth and flagstone fireplace for those brisk ocean air evenings. Kitchen includes newer stainless steel appliances, a new garbage disposal, new range, new built-in microwave with lights and exhaust fan, and new stainless Delta faucet fixtures. Both bathrooms are newly refreshed with brand new low flow toilets, new brushed nickel fixtures, brand new white marble sinks with new vanities and new lighting. Master opens onto a large and lush side yard with a covered patio. Dual pane windows and French doors throughout. Separate laundry area in the fully finished garage with tons of enclosed storage spaces and an office area, as well as a double door refrigerator! The 2 car attached garage has attic space, roll up garage door, and rare triple-wide driveway. Lovely low maintenance backyard with lots of hardscape, plus a soft green lawn area for pets and kids to play. Conveniently located near shops and other amenities. Within walking distance to two public parks, Juanamaria Elementary, and Ventura Community Park and Aquatic Center. 5 minutes to beaches, 10 mins. to marinas.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017