8923 PADILLA Drive
About This Property
Cute 2br, 1 ba with 'Mother-in-Law' OR efficiency apartment in the rear.
Good investment property.
Refrigerate Air (both units)
front 4/20. rear mini split 3/21
Windows replaced (both units 4/21)
Recently exterior painted (elastomeric both units 4/21)
replaced screen doors
front unit roof replace 2/21
replaced front unit flooring 10/20
replaced plumbing/tile shower back 7/19
front refrigerator 3/19
rear refrigerator 8/19
replaced rear roof 7/18
replaced rear water heater 5/18
replaced front water heater 8/17
Both units are leased.
Please call for details or contact your Broker
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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 14, 2021 | Sold | ||
| Sold | |||
| May 15, 2021 | Listed by Haggerty Company | $130,000 | |
| Listed by Haggerty Company | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017