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Map
2205 RICHLAND PLACE
About This Property
Don't miss the rare opportunity to own this Mid-Century Modern Dream! CAUTION: Bricked Walk-way on the side of home, poses a tripping hazard Use at your own risk. Grading at the left corner of the home in the rear yard corrected, to divert water away from the foundation. The interior corner affected by the intrusion was not repaired. Home is sold "as is". That said, this is a solid home with great bones, sought after schools and the very best neighbors. Photos and interactive floor plan coming.
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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 |
|---|---|---|---|
| Jul 11, 2023 | Sold | ||
| Sold | |||
| Jun 9, 2023 | In contract | - | |
| In contract | |||
| Jun 2, 2023 | Listed by Weichert, REALTORS | $649,000 | |
| Listed by Weichert, REALTORS | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017