48367 ROARING RAPIDS WAY
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%.
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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 14, 2026 | Sold | ||
| Sold | |||
| Sep 17, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Listed by Rhettro Real Estate LLC | $350,000 | |
| Listed by Rhettro Real Estate LLC | |||
| Aug 7, 2023 | No longer available | - | |
| No longer available | |||
| Jul 13, 2023 | Listed by World Wide Realty, Inc. | $340,000 | |
| Listed by World Wide Realty, Inc. | |||
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Unique, custom home in Oakridge's newest subdivision, Salmon Creek Estates. Excellent location close to town and the Highway 58 corridor, but not too close. You will forget all about the highway here! Mountain views from the front porch, views of Salmon Creek riparian zone (greenspace) from the back deck and spacious, upper balcony. Excellent wildlife viewing and easy access to the Old Mill Disc Golf Course at the end of the street. Home was custom-built largely w repurposed materials and has an eclectic, vintage feel. Many rooms w salvaged, sliding barn-style doors. Upstairs master suite is lofted and has a sizeable bonus room (walk-in closet or kids' room?). All appliances included. Backyard has berries and edible plants surrounding an outdoor eating area w wet bar and firepit. Raised garden beds in front. Attached carport and garage/shed behind the fence. Home currently serves as a vacation rental (AirBnB) with 33% occupancy and annual income over $21K. The lot next door is available for a combined price of $375K (see ML #23263402). This is a steal! The manager has listed the unit size as 1275 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017