38 Ruby Ave
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 |
|---|---|---|---|
| Jul 16, 2018 | Sold | ||
| Sold | |||
| Feb 13, 2018 | Listed by Coldwell Banker Residential Brokerage - Marblehead | $575,000 | |
| Listed by Coldwell Banker Residential Brokerage - Marblehead | |||
| Jun 12, 2015 | Sold | ||
| Sold | |||
| Apr 7, 2015 | Listed by Compass | $510,000 | |
| Listed by Compass | |||
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Tastefully renovated 3 bedroom, 1 1/2 bath home with open first floor living space located in the Glover school district, close to shops, YMCA, public transportation, and Preston Beach. The current owners purchased this home in 2006 and since then have made many improvements inside and out. The kitchen and two bathrooms were gutted to the studs and new plumbing, tile, floors, fixtures, and stainless steel appliances were added. Other improvements include, but are not limited to, an energy efficient storm and front door, replaced the dining room ceiling, updated the electrical panel, and replaced the second floor windows. Extensive improvements were made outside as well. The siding was replaced w/white cedar shingles, a roof with ridge vent was installed, the back deck was replaced with composite decking and a brick paver patio was added on the lower level extending the outside entertaining space. Living area does NOT incl. partially finished 200 Square foot basement room.
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| Feb 27, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017