4717 RAMSGATE LANE
About This Property
The bones are there, featuring a classic layout that flows from a sun-filled living area into a central kitchen and dining space. With a little bit of grit and some creative updates, these rooms can be transformed into the modern, open-concept heart of the home you've always wanted. The primary suite and additional bedrooms offer a solid canvas for personalization, while the lower level provides a massive opportunity to double your usable square footage with a fresh renovation.
Outside, the expansive yard is ready for a landscaping overhaul to become a premier outdoor entertaining space. Whether you are a seasoned investor looking for your next project or a DIY-savvy homeowner ready to craft a dream residence exactly to your taste, the potential here is undeniable.
With easy access to the best shopping, dining, and commuter routes to both D.C. and Annapolis, the value is in the location and the upside. Opportunities at this price point don't last-roll up your sleeves and turn this house into a home.
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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 |
|---|---|---|---|
| Oct 9, 2026 | In contract | - | |
| In contract | |||
| Oct 9, 2026 | Price Increased |
$402,000
↑ $2K
(0.5%) | |
| Price Increased | |||
| Oct 5, 2026 | Listed by Coldwell Banker Realty | $400,000 | |
| Listed by Coldwell Banker Realty | |||
| Aug 8, 2026 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Aug 8, 2026 | Relisted | $450,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017