938 Mendocino Drive
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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.
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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 |
|---|---|---|---|
| May 20, 2020 | Sold | ||
| Sold | |||
| Dec 4, 2019 | Listed by Allison James Estates & Homes | $650,000 | |
| Listed by Allison James Estates & Homes | |||
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A rarely available 3 bedrooms and 2 bathroom gorgeous single level home in the desirable community of Discovery Hills. Move in ready and No HOAs. This home has vaulted ceilings, an open floor plan and additional high windows that allow for extra natural light. Lovely laminate flooring in living room. Recently updated kitchen with granite counters and backsplash, island, pendant lighting, tile flooring and recessed lighting. Cozy flagstone surround gas fireplace in family room. Vaulted ceiling, large walk in closet with mirrored doors in master bedroom with sliding door to backyard. Master bathroom has been tastefully updated with granite and new tile shower surround. Two other nice sized bedrooms share a 2nd updated bathroom with granite and tile tub surround. Drought tolerant landscaping in front yard with beautiful succulent flowers, dry creek and giant shade tree. New vinyl fencing encloses a nicely landscaped backyard with large covered patio for entertaining and grassy play area, vine-covered wall and citrus trees (orange and lemon). The home's location is an easy walk to the Lakeview Park with a children’s playground, walking trails to Twin Peaks, resting areas and fishing at Discovery Lake. Highly rated San Marcos schools and a short drive to Cal State University San Marcos and Palomar College. Easy access to 78 freeway. Coastal Beach less than 20 minutes away.. Neighborhoods: Discovery Hills Other Fees: 0 Sewer: Sewer Connected Topography: LL
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| Jun 7, 2019 | Sold | ||
| Sold | |||
| Apr 26, 2019 | Listed by 1850 Realty | $650,000 | |
| Listed by 1850 Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017