3124 Richards Drive
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 |
|---|---|---|---|
| Apr 1, 2024 | Sold | ||
| Sold | |||
| Mar 6, 2024 | In contract | - | |
| In contract | |||
| Feb 27, 2024 | Listed by ResLand Realty Group | $160,000 | |
| Listed by ResLand Realty Group | |||
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Discover the potential of 3124 Richards Drive, a welcoming fixer-upper that invites your creativity and vision. This spacious house boasts 1,517 square feet of living space, featuring three comfortable bedrooms and two bathrooms, catering to a variety of living arrangements. The heart of the home is highlighted by a vaulted ceiling with eye-catching wood beams, adding character and warmth to the interior. An authentic masonry fireplace provides a cozy focal point for gatherings. Outside, the property includes a two-car garage and an additional storage building, offering ample space for vehicles and hobbies alike. Enjoy outdoor living on the covered patio, surrounded by a privacy fence that creates a secluded retreat in your own backyard. While this investment property may require some TLC, it presents an excellent opportunity to customize your dream home or embark on a rewarding project. Schedule a showing today, this home is waiting for you to unlock its full potential!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017