25710 Richards Road
About This Property
One standout feature is the garage conversion, which has formerly a model home office. This versatile space could serve as a great living area for in-laws or older children, providing extra flexibility for the household.
Additionally, the large backyard with a nice patio provides a great outdoor space for relaxation or entertaining and provides a extra storage shed for the new buyer.
With its grand staircase and desirable features, this home is described as a rare find and could be an ideal choice for first-time homeowners looking for a comfortable living space.
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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 28, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Mar 1, 2024 | Price Decreased |
$285,000
↓ $30K
(9.5%) | |
| Price Decreased | |||
| Feb 15, 2024 | Price Increased |
$315,000
↑ $30K
(10.5%) | |
| Price Increased | |||
| Feb 7, 2024 | No longer available | - | |
| No longer available | |||
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About Imperial Oaks
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,250 /mo
- 3 Beds
- 2 Baths
- 2,654 ft²
$2,000 /mo
- 3 Beds
- 2 Baths
- 1,778 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017