507 9TH 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 |
|---|---|---|---|
| Sep 23, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2025 | In contract | - | |
| In contract | |||
| Aug 6, 2025 | Listed by Redfin Corporation | $695,000 | |
| Listed by Redfin Corporation | |||
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Welcome to 507 9th St.! This private and adorable home is located in the heart of Ramona and is within walking distance of schools, churches, shopping, and restaurants. Double-door entry and vaulted ceilings greet you as you walk in. The primary bedroom is conveniently located on the first floor, with the other two bedrooms upstairs sharing a private balcony. Zoned HVAC and a paid-for solar panel system will keep you comfortable year-round. The additional loft space makes a perfect home office or reading nook. The spacious galley-style kitchen features granite counters and bar seating. The backyard is very private and fully fenced, with raised garden beds and a patio area perfect for entertaining or al fresco dining!
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| Jun 5, 2015 | Sold | ||
| Sold | |||
| Apr 9, 2015 | Listed by Century 21 Award | $359,000 | |
| Listed by Century 21 Award | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017