28
Map
4820 Ray 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 4, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 27, 2026 | Listed by RE/MAX Between the Lakes Dandridge | $224,900 | |
| Listed by RE/MAX Between the Lakes Dandridge | |||
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Conveniently located on the quiet west end of Morristown, this delightful 2-bedroom, 2-bath bungalow is just minutes from restaurants, shopping, Panther Creek State Park, and beautiful Cherokee Lake. Perfectly positioned for both relaxation and recreation, this home offers the ideal blend of convenience and peaceful living. Inside, you'll find thoughtful updates throughout, including energy-efficient insulated windows, new flooring, a modern HVAC system, and stylish kitchen appliances. Added living space includes a bright 22' x 7' sunroom, a spacious master suite with a full private bath and walk-in closet, plus a convenient laundry room just off the kitchen and a welcoming foyer. Outside, the large interior lot provides plenty of room to breathe with expansive front and backyard spaces, a fully fenced side yard ready for pets or a children's playground, and a concrete driveway with covered parking. Nestled on a quiet street, this home feels like your own private retreat while remaining close to everything Morristown has to offer. Don't miss your opportunity to own this updated gem! Call today to schedule your private showing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017