22946 Redwood Way
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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 |
|---|---|---|---|
| Sep 16, 2025 | Sold | ||
| Sold | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| Jul 16, 2025 | Listed by PONCE & PONCE REALTY, INC | $225,000 | |
| Listed by PONCE & PONCE REALTY, INC | |||
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This 3-bedroom, 1-bathroom cabin offers 1,300 sq. ft. of living space on an expansive 8,625 sq. ft. lot. The property is fully fenced, providing privacy and space for future expansion. With great bones and tons of potential, it’s perfect for investors or buyers looking to bring their own vision to life. The basement offers the potential to be converted into a livable space or additional bedroom, adding even more value. Bonus: flooring and other renovation materials will be left with the property, giving buyers a head start on upgrades. Whether you're dreaming of a peaceful retreat or a future income-producing property, this is the opportunity you’ve been waiting for.
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| Jun 28, 2019 | Sold | ||
| Sold | |||
| Dec 8, 2018 | Listed by MAINSTREET, REALTORS | $179,900 | |
| Listed by MAINSTREET, REALTORS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017