215 Richland Drive
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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
| Dec 4, 2024 | Listed by Staples Sotheby's Internationa | $469,000 | |
| Listed by Staples Sotheby's Internationa | |||
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A rare gem in Palestine! Southern charm adorns this brick & stone home located in the coveted subdivision of Woodgate. Step inside the grand entry and into the main living area featuring a wall of windows, built ins and fireplace. The kitchen adds an elegant touch to the home with custom cabinetry, granite & stainless appliances. A second living space is currently being used as an office & provides flexibility for the next owner's needs. The primary suite boasts views of the private backyard and features a newly updated bathroom with separate vanities and walk in closets. Secondary bedrooms have large windows and closets & share a bathroom. Entertain year round in the shaded backyard with a covered patio, heated pool with hot tub and rock waterfall PLUS an outdoor kitchen with a charming pergola. This property also includes a 2 car garage and landscaped front yard. Don’t miss this one!
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 16, 2021 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017