974 Johnson Lane
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 |
|---|---|---|---|
| Feb 7, 2020 | Sold | ||
| Sold | |||
| Sep 20, 2019 | Listed by T.N.G. Real Estate Consultants | $875,000 | |
| Listed by T.N.G. Real Estate Consultants | |||
| Jul 9, 2017 | Listed | $828,000 | |
| Listed | |||
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A modern design home located in one of Brea’s most sought after community, Founders Park. This home offers a main level bedroom and 3/4 bath (main level shower), perfect for grandpa and grandma. The main level also features a beautiful light tile flooring, custom wood shutters, nicely defined formal living and dining room (drop down lighting) with a separate family room and breakfast nook. The kitchen is large w/Island and plenty of storage space. A separate laundry area leading to the garage. Completely redesigned second level with a luxurious private master suite with accent wall, roman style tub, his/her sinks, his/her walk-in closets. Secondary bedrooms have large windows and custom paint and closet organizer. Reimagined loft with accent wall serves as 2nd family/exercise room combo. Entire second level also features beautiful wood flooring. New toilets (entire house) with lights, tall and water saving feature flush technology. Installed LED lighting in the entire house. Installed drought-tolerant landscaping. Backyard offers a nicely defined space and provides a tranquil outdoor living space. This property is also perfect for investors looking for income property or 1031 exchange. If you just sold a house and facing a massive income tax liability this is your way out and turn that tax liability into a guaranteed rental income. A new Elite Series 5 ton AC (EL16XC1) with new coil by Lennox was installed August 2, 2017. The manager has listed the unit size as 2493 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017