2897 Riachuelo
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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 8, 2018 | No longer available | - | |
| No longer available | |||
| Sep 5, 2018 | Sold | ||
| Sold | |||
| Jul 16, 2018 | Listed | $849,000 | |
| Listed | |||
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$50,000 PRICE REDUCTION!! Welcome to 2897 Riachuelo, a gorgeous remodeled single story residence offering the very best of fantastic coastal living. Here comfort & design meld beautifully & the open plan & soaring ceilings keep the home airy & bright. The beauty starts right from the front door as you enter to fabulous pitch & beam ceilings & large picture windows overlooking the oversized yard. The cook’s kitchen features stainless steel appliances, granite counters, & a place for everything in the abundant custom cabinetry. The adjacent formal dining room features dramatic pitched ceiling & a striking chandelier. Directly off the kitchen, the great room, w/vaulted ceilings & fireplace, offers plenty of space for family & friends. The formal living room also features a fireplace w/a beautiful custom granite surround & both dining & living rooms are finished in stunning sold hardwood flooring. A private master suite w/remodeled bathroom is on one side of the house & opens to the backyard & 2 other spacious guest rooms share a remodeled hall bath. Relax w/family & friends in the sprawling private yard & there’s even possible RV access along one side of the home. This coastal enclave is truly ready to move right in & is located in the Vera Cruz tract, an intimate neighborhood of just 58 home & part of the popular Forster Ranch community … close to schools & parks, access to miles of stunning trails & minutes to beaches & freeways – your best life starts here!! The manager has listed the unit size as 2043 square feet.
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| Jun 20, 2018 | Listed by First Team Real Estate | $849,000 | |
| Listed by First Team Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017