22840 Red Arrow Highway
About This Property
Don't miss out on this beautifully updated and well maintained ranch home in Mattawan Schools! The kitchen has been completed with newer appliances and a slider door gives access to the fenced back yard complimented by a paved patio, storage shed, and mature trees for privacy. Inside, you'll find three bedrooms and a fully updated bathroom, complete with marble vanity, cast iron tub, and a tiled shower wall. The living room, dining room and hallway all have newer hardwood floors in great condition. The lower level features a wet bar and three fully finished rooms, including the bonus room with french doors for privacy and built-in shelving. Outside, the upgrades include newer stone siding, cedar support posts and shutters, and new garage door. This beautifully renovated ranch home has amazing curb appeal and boasts almost 2,000 finished sq ft.
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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 11, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by Chuck Jaqua, REALTOR | $259,900 | |
| Listed by Chuck Jaqua, REALTOR | |||
| Apr 8, 2014 | Sold | ||
| Sold | |||
| Feb 3, 2014 | Listed by Chuck Jaqua, REALTOR | $129,900 | |
| Listed by Chuck Jaqua, REALTOR | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017