5251 Redwood Lane
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 5, 2025 | Sold | ||
| Sold | |||
| Jan 21, 2025 | Listed by Keller Williams Realty-FM | $550,000 | |
| Listed by Keller Williams Realty-FM | |||
| Dec 11, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Oct 23, 2024 | Listed by Keller Williams Realty-FM | $709,000 | |
| Listed by Keller Williams Realty-FM | |||
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Don't miss this gorgeous sprawling home in Midlothian zoned for Heritage! Freshly painted walls, cabinets, and baseboards along with new LVP flooring flow throughout the entire first floor! Media room upstairs is used as a 4th bedroom and half bath up could easily become a full and completely transform the space if that's what you need! If not, enjoy this massive flex space with the most plush carpet and excess of storage! Check out the floor plan to imagine all your options! Seller has had spray foam added to duct-work to increase energy efficiency for HVAC system along with radiant barrier in the attic. Excellent closet space in this house. The backyard here is ready and waiting for you! Whether you're looking for your own peaceful retreat or the perfect location to entertain, this is it! With a large yard, pool & spa combo, and covered outdoor kitchen, you are all set! Don't forget the large storage building for all your storage or shop needs. The spacious 3 car garage combined with oversized driveway and the fact that it is a corner lot, you have all the space you need to accommodate all your family and guests during all your gatherings. The memories await!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017