1388 Ramey Road
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 |
|---|---|---|---|
| Apr 15, 2024 | Sold | ||
| Sold | |||
| Jan 19, 2024 | Listed by Keller Williams Lanier Partner | $325,000 | |
| Listed by Keller Williams Lanier Partner | |||
| Nov 2, 2023 | No longer available | - | |
| No longer available | |||
| Sep 27, 2023 | Price Decreased |
$345,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Sep 11, 2023 | Listed by RE/MAX of Rabun | $350,000 | |
| Listed by RE/MAX of Rabun | |||
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This spacious home overlooking the water has plenty of room for your residential retreat in the mountains. The 1.67 acre lot sits directly across from the Lakemont Highlands lake providing beautiful views, as well as fishing and swimming. The front door opens into a two story foyer with wood trim and high ceilings. The living room provides wonderful views of the ponds/lake and includes a two story stone fire place. The kitchen has bay windows overlooking the property and a cozy breakfast nook area. There is plenty of storage throughout the home with walk in pantry, hidden closet behinds built in wood shelving, five walk in closets and easy attic access. Even more storage in the basement. The home features an oversized two car garage with workshop. Paved driveway with additional paved parking for guests. Owner has purchased hardwood flooring to replace downstairs carpet and all upstairs carpet. Hardwood installation is Partially complete. The manager has listed the unit size as 2224 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017