23 Richards Way
About This Property
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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 |
|---|---|---|---|
| Nov 23, 2021 | Sold | ||
| Sold | |||
| Sep 7, 2021 | Listed by KW Coastal and Lakes & Mountains Realty | $439,900 | |
| Listed by KW Coastal and Lakes & Mountains Realty | |||
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Welcome to a brand-new ranch on Richards Way in Farmington. Get ready to enjoy a lifestyle you'll love to live! This exceptionally well-built new ranch is situated in a peaceful serene area. Located on 1.38 acres that abuts 34 acres of wooded open space with walking trails. You can either look out your rear windows or walk out your basement and have a 180-degree panoramic view of the ridgeline across the valley. This home boasts an open concept with three bedrooms and 3 baths. One of which is a Master Suite w/Bath and Walk In closet. A total of 1600 finished square feet with tan exceptional focus on detail. There is a walkout basement with sliders - 800 square feet just waiting to be finished. This home is under construction with expected completion in November. You still have time to pick your colors, floors in countertops.
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| Mar 27, 2021 | No longer available | - | |
| No longer available | |||
| Mar 21, 2021 | Listed | $429,900 | |
| Listed | |||
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Welcome home .This 1.23 lot abutts 34 acres of conservation property. To be built this ranch features 1604 sq. feet. 3bedrooms ,2.5 baths , large kitchen with Dining room-Formal living room. Close to major routes for easy commute. Mountains, Ocean and recreational areas nearby.
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| Mar 3, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017