18 Richard Drive
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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 1, 2026 | Sold | ||
| Sold | |||
| Nov 12, 2023 | No longer available | - | |
| No longer available | |||
| Oct 4, 2023 | Listed by John Brown Realty, Inc DBA Century 21 First Choice | $230,000 | |
| Listed by John Brown Realty, Inc DBA Century 21 First Choice | |||
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Lots of square footage in this split bedroom floor plan home. The addition on north side of house has 2 bedrooms with walk-in closets and a bathroom. At the front of the house the formal living room has been divided into 2 separate rooms with a temporary wall that could be removed to convert back into a living room if desired. One of those rooms can be used as the 5th bedroom because it has a window. The other room could be used as an office, craft room or storage room, it does not have a window. There are 2 other bedrooms on the east & south side of the house with a bathroom. Kitchen has lots of cabinets and pantry, all stainless steel appliances will stay. Washer/dryer & water softener stays. Seller has a new garbage disposal but never had it installed. Seller will leave it for the new buyers to install. There is an old 8 x 10 metal shed in back yard that stays. The manager has listed the unit size as 2365 square feet.
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| Oct 8, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017