10453 Ravine Road
About This Property
The kitchen has been tastefully redone by The Kitchen Shop and boasts soft close custom cabinetry, built-in oven, cooktop & granite counters. The two-way fireplace creates a cozy atmosphere between the kit and living rm. Don't miss the main flr laundry off the kitchen. The main bath features double sinks, granite counters & custom cabinets.Downstairs is the perfect location to watch a movie while enjoying a roaring fire. The basement also has exterior access to the backyard. No need to worry about major expenses, the heat pump & AC were new in 2020, hot water heater in 2018 & the roof in 2020 (house & exterior blds) The home also includes a 20KW whole house generator, a 20 x 40 pole barn with 2 oversized garage doors and a 10 x 12 storage shed. This home also features updated windows and K9 Keepers underground fence.
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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 |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| May 20, 2024 | In contract | - | |
| In contract | |||
| May 16, 2024 | Listed by Berkshire Hathaway HomeServices MI | $425,000 | |
| Listed by Berkshire Hathaway HomeServices MI | |||
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Welcome to this gorgeous brick ranch on 2.7 acres in the Otsego school district with a 20 X 40 pole barn. This home has been well cared for and recently painted on the main level and new carpeting in the living room. The roof on the house, outbuildings, AC unit and heat pump were new in 2020 and water heater in 2018. Pella windows and has a 20KW whole house generator. It has an updated kitchen which was completed by The Kitchen Shop and offers some soft close custom cabinetry & granite counters. Beautiful hardwood floors flow throughout the kitchen, dining room, primary bedroom and the 2 bedrooms. Two updated full bathrooms and main floor laundry complete the main floor. Downstairs is the perfect spot for large gatherings to take in a game or movie while enjoying a roaring fire. The sellers added two bedrooms (non-conforming) in the lower level. The basement also has exterior access to the backyard. The private backyard offers plenty of space for entertaining on two separate patio areas. There is an additional 10 X 12 pole barn which is partially finished off as a chicken coop with a fenced in area for them to roam. This home is a must see to appreciate all it has to offer.
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| Mar 14, 2023 | Sold | ||
| Sold | |||
| Nov 21, 2022 | Listed by Keller Williams Kalamazoo Market Center | $395,900 | |
| Listed by Keller Williams Kalamazoo Market Center | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017