2901 RAVINES Road
About This Property
The owners' suite directly off the kitchen, offers restfulness and boasts an ensuite bathroom with dual walk-in closets, double sinks, separate shower, large soaking tub and water closet. It is generously sized with a sitting area or two and private access to the screened in porch. The three additional bedrooms and baths are split from the owner's suite, offering plenty of privacy.
Architectural details like 10 ft ceilings, tray and vaulted ceilings, bay windows, crown molding and chair rail are abundant throughout. This home has a 500 ft artesian well which equates to "no water or sewer bills!" A central vacuum system is installed. The separate laundry room off the kitchen is equipped with a large soaking sink and closet.
This was a custom-built, one-owner home, on an estate lot and the quality shows! You will not want to miss out on this home. Besides a price reduction, recent updates include quartz counters, subway tile, ceramic cooktop, SS sink, faucet, disposer and neutral paint palate throughout.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 29, 2024 | Sold | ||
| Sold | |||
| Sep 1, 2023 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $499,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017