3548 Ruth Street
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 |
|---|---|---|---|
| Jun 29, 2024 | Sold | ||
| Sold | |||
| Apr 26, 2024 | Listed | $329,500 | |
| Listed | |||
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5 bedroom investment property located in the heart of the University Area, with Texas Southern and UH Central Campus in walking distance, this property has previous served as a rental and AirBnB and is a great consideration for a family home or an n investor looking for a single family rental or a flip property. The open floorpan features 5 bedrooms/ 2 baths, and one of the bedrooms is a garage conversion. Nice back yard and furnishings are negotiable. Easy commute to downtown, midtown, and The Texas Medical Center.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017