8588 Shanes Way
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 |
|---|---|---|---|
| Dec 10, 2025 | Sold | ||
| Sold | |||
| Nov 23, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Price Decreased |
$1,059,000
↓ $70K
(6.2%) | |
| Price Decreased | |||
| Oct 22, 2025 | Price Increased |
$1,129,000
↑ $29K
(2.7%) | |
| Price Increased | |||
| Sep 8, 2025 | Listed by NextHome Progressive | $1,099,900 | |
| Listed by NextHome Progressive | |||
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Better than new! Just 7 years young, this cul-de-sac home has been lightly lived in and greatly enhanced for the next family to enjoy. Enjoy the peace of Santee, only 20 minutes from downtown San Diego and the beaches, with numerous nearby amenities like Mission Trails, Santee Lakes, Casinos, golf courses, shopping, and restaurants. Beat the traffic by taking the nearby Trolley to Old Town, Gas Lamp, Petco Park, and the beaches...or you can retreat from the hustle and bustle and take in the serenity of the nearby mountains, Lake Cuyamaca, Alpine, and Julian. This home boasts interior vinyl shutters throughout, upgraded flooring, upgraded cabinets, spacious bedrooms, whole house fan, low maintenance yards, large 3-car garage with epoxy floor coating, and a 7.65kw solar system with battery that covers the monthly usage and protects you when the power grid fails. Enter this beauty through an 8' entry door and enjoy all this 2433 sf beauty offers...abundant natural light, 10' ceilings, generous storage, and well appointed finishes. With 4 bedrooms and three baths, this home is ready for a new family to make memories in it. Will it be you? But there's more...garage shelving, two gun safes, newer laundry units, and newer refrigerator are negotiable, or included at the right price.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017