3001 RITCHIE RD
About This Property
This charming rambler-style home in District Heights is move-in ready and full of potential. Featuring three bedrooms and one bath, the main level offers a cozy living space, a well-equipped kitchen with a propane stove and water heater, and an inviting enclosed porch, perfect for relaxing or additional entertaining space. Freshly painted with brand-new carpeting, the home is ready for its next owner.
The unfinished basement is a blank canvas, ideal for creating additional living space, a recreation area, or extra storage. Recent updates include six new basement windows, a professionally installed waterproofing system with French drains (a $13K investment), and a newly pumped septic system. A brand-new roof provides peace of mind, while public water access ensures convenience.
Located just minutes from newly developed shopping centers, restaurants, and major commuter routes, this home combines value with convenience. Don't miss this fantastic opportunity-schedule your showing today!
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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%.
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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, 2025 | Sold | ||
| Sold | |||
| Mar 3, 2025 | In contract | - | |
| In contract | |||
| Feb 21, 2025 | Listed by LPT Realty, LLC | $359,995 | |
| Listed by LPT Realty, LLC | |||
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About Forestville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017