22331 Ramona Avenue
About This Property
Situated on a very large lot, this property offers tremendous potential. Envision creating your dream outdoor space in the expansive front and back yards, which are already fenced and cross-fenced – perfect for pets. There's ample room for adding a pool or even a detached garage for your recreational equipment. Furthermore, the generous lot size presents a unique possibility to potentially build an additional dwelling unit (ADU), subject to necessary permits, which could provide rental income.
Inside, the home has been thoughtfully updated with flooring throughout (no carpet, ideal for staying cool in the summer), central AC and heating, a water softener system, and solar panels under a power purchase contract. The kitchen offers a lovely view of the serene backyard and includes a convenient wall-to-wall pantry, seamlessly connected to the dining area for ease in daily living and entertaining. You will also appreciate the spacious living room, featuring a beautiful fireplace for cozy winter evenings.
This is a fantastic chance to own a home that blends country charm with modern convenience. Please note that this property is a short sale, representing an exceptional opportunity to invest in your future and create a home that truly reflects your personal style. Don't miss out on this wonderful opportunity, as homes like this are rare and wont stay on the market for long!
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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 |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Price Decreased |
$289,900
↓ $44K
(13.2%) | |
| Price Decreased | |||
| Jun 3, 2025 | Relisted | $334,000 | |
| Relisted | |||
| Jun 2, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017