915 Chapin Drive
About This Property
Situated on a spacious 31,799 sq. ft. lot, the property also includes three additional vacant parcels (APN: 291-205-30-00, 291-205-24-00, 291-205-55-00), totaling an expansive 46,810 sq. ft. (approximately 1.07 acres). This generous land offers potential for further expansion or development, ensuring ample space for outdoor activities amidst the picturesque setting of Julian. About 1.5 miles away from Main St shopping, famous apple pie bakeries, breweries and much more!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 13, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Aug 9, 2024 | Price Decreased |
$450,000
↓ $15K
(3.2%) | |
| Price Decreased | |||
| Jul 12, 2024 | Listed by RE/MAX New Dimension | $465,000 | |
| Listed by RE/MAX New Dimension | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017