8611 Placid View
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 |
|---|---|---|---|
| Jul 1, 2025 | Sold | ||
| Sold | |||
| May 16, 2025 | In contract | - | |
| In contract | |||
| Feb 2, 2025 | Listed by RE/MAX Tidal | $750,000 | |
| Listed by RE/MAX Tidal | |||
| | |||
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Welcome to your prime starter home nestled in a premier location. This charming single-story home boasts pride of ownership with a well-maintained interior and exterior, established landscaping, and thoughtful updates throughout. Step inside to a bright, open floor plan filled with natural light—perfect for both daily living and entertaining. The spacious kitchen features a convenient serving window that opens to the living room, creating a seamless connection for hosting and family gatherings. Unwind in the expansive primary bedroom, offering ample space to make it your personal retreat. Step outside to your fully fenced backyard oasis—complete with a recently resurfaced pool, fruit trees, grilling area, and picturesque views of Santee and the surrounding mountains. The home includes updated bathrooms, major appliances, and 29 solar panels with a low-cost lease to help reduce utility bills. A recently replaced HVAC system ensures comfort during the hot Santee summers. No HOA! Home is located 5 minutes from the 125 Freeway with quick access to the 8, 52 and 67. Close proximity to Santee Lakes, Cowles Mountain hiking trails, and Santee Sportsplex. All appliances remain, including washer and dryer, water filtration system, storage sheds and pool equipment. Don't miss your opportunity to own this move-in ready gem in a sought-after community!
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| Oct 31, 2017 | Sold | ||
| Sold | |||
| Aug 22, 2017 | Listed by Mission Realty Group | $494,500 | |
| Listed by Mission Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017