524 RACITE RD
About This Property
The outdoor space is equally impressive, with a private patio shaded by a Sunbrella awning, perfect for enjoying the outdoors year-round. A low-maintenance yard offers just the right amount of space for relaxing or gardening, while the natural gas grill, hard-piped into the home, makes outdoor cooking easy and convenient.
Upstairs, the second-floor laundry room adds a level of practicality, saving you time and effort. The entire home is outfitted with luxury vinyl plank flooring, ensuring durability and a modern aesthetic throughout. The finished lower level extends your living space with a full bathroom, offering great flexibility for use as a guest suite, home office, or entertainment area.
Additional thoughtful upgrades include leaf filters on the gutters for minimal maintenance and a water softener, providing added comfort and peace of mind. This home truly has it all-move-in ready, with a stylish design and plenty of upgrades to suit today's lifestyle. Don't miss your chance to make it yours-join us at one of our open houses this week!
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 20, 2025 | In contract | - | |
In contract | |||
Jan 13, 2025 | Listed by KW Empower | $455,000 | |
Listed by KW Empower | |||
Jul 22, 2016 | Sold to Barbara A Heller, David F H... | ||
Sold to Barbara A Heller, David F H... | |||
Mar 7, 2016 | Sold to Lock Ridge Llc Kay | ||
Sold to Lock Ridge Llc Kay |
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Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
