841 Saint Paul Drive
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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 |
|---|---|---|---|
| Jun 7, 2017 | Sold | ||
| Sold | |||
| Mar 6, 2017 | Listed by David Santistevan | $499,000 | |
| Listed by David Santistevan | |||
| Feb 9, 2017 | Listed by David Santistevan | $499,000 | |
| Listed by David Santistevan | |||
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Existing 1,472 sq. ft. house on site, currently rented month to month for over $1700. Property has three likely uses: 1) Revive the expired Tentative Map and process a 4-lot subdivision. 2) Maintain the existing home and process a parcel map for two additional lots on either side. 3) remodel existing home for a private estate lot. Nestled beside a quiet community park, this large 1.29 acre lot has an existing 1,472 sq. ft. residence that is currently rented on a month to month lease at over $1700 a month. The surrounding neighborhood, built in 2005, has average lots of apx. 10,000 sq. ft. and homes trade in the mid to high $600’s. The property boasts quick and easy access to both the 78 and 15 freeways. The property has an expired Tentative Map for 4 lots. Potential: The property has three likely uses: 1) Revive the expired Tentative Map and process a 4-lot subdivision. Street improvements adjacent to the property were installed with the neighboring 2005 community. 2) Maintain the existing home and process a parcel map for two additional lots on either side. Our initial calculations show that you can meet all the lot requirements necessary to achieve those lots and maintain the existing house (buyer to confirm). 3) Remodel or add to existing home on an estate size 1.29 acre lot. Neighborhoods: San Marcos Other Fees: 0 Sewer: Sewer Available
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017