2288 RACKLEY ROAD
About This Property
Interior finishes include 40"x40" Italian ceramic tile flooring, all LED lighting, Icynene spray foam insulation, impact glass windows, and a smart HVAC system. The owner's suite offers a stand-alone shower with rain and handheld fixtures, a clawfoot tub, dual vanities with backlit mirrors, a linear drain, and a private water closet. The second full bath includes a tub/shower combo with tile to the ceiling.
Additional features: tankless gas water heater, 200-amp service, impact-rated insulated garage door, epoxy garage floor, garage storage room, attic storage with plywood, whole-home generator hookup, gutters, front porch with tongue-and-groove ceiling, covered rear lanai, and a septic system with lift station. The laundry room includes a sink and pedestal washer/dryer. Seller is offering a $5,000 credit toward custom closet and pantry build-out.
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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 21, 2026 | Relisted | $820,000 | |
| Relisted | |||
| Feb 17, 2026 | No longer available | - | |
| No longer available | |||
| Jul 16, 2025 | Price Decreased |
$820,000
↓ $30K
(3.5%) | |
| Price Decreased | |||
| Jun 12, 2025 | Listed by EXP REALTY LLC | $849,900 | |
| Listed by EXP REALTY LLC | |||
| May 18, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017