31
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221 Red Petal Way
About This Property
Welcome to a meticulously maintained 4BR one-story Perry home ideally set on a private lot backing a wooded green space*Exuding warmth, charm & true pride of ownership, it features wood-look tile flooring thru the 12 ft high entry, halls, mud room, bathrooms & kitchen-breakfast rm-family rm*The open concept plan is ideal for easy living & entertaining*The home office/study w/French doors greets you at the entry*The island kitchen is a cook's delight*Extensive granite countertops*Breakfast bar*A myriad of cabinets & drawers+under island storage*Gas cooktop*Under counter lighting*Refrigerator*Microwave*Pantry*Family rm w/a cast stone fireplace *Primary bedroom suite privately tucked away w/2 granite vanities, a soaking tub, walk-in glass enclosed shower & 2 closets*One secondary bedroom has an ensuite bath & the other 2 bedrooms share a Hollywood bath*Sip morning coffee under the large covered patio.
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Cap Rate Calculator
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 26, 2025 | Sold | ||
| Sold | |||
| Jun 17, 2025 | In contract | - | |
| In contract | |||
| Mar 8, 2025 | Price Decreased |
$450,000
↓ $20K
(4.3%) | |
| Price Decreased | |||
| Feb 13, 2025 | Listed by Larks Nest Real Estate LLC | $470,000 | |
| Listed by Larks Nest Real Estate LLC | |||
| Oct 30, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017