535 Rhode Island Avenue
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 |
|---|---|---|---|
| Feb 12, 2025 | Sold | ||
| Sold | |||
| Dec 21, 2024 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Price Decreased |
$549,000
↓ $21K
(3.7%) | |
| Price Decreased | |||
| Nov 15, 2024 | Listed by Van Dyk Group | $569,900 | |
| Listed by Van Dyk Group | |||
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This fully renovated ranch (2430 total SF) offers a perfect blend of comfort and style in a neighborhood setting. Exterior features new roof, gutters, soffit/facia, new double wide driveway, new 6' vinyl fence, outdoor lighting, shed, new paver brick walks, patio, and fire pit creating perfect setting for late-night BBQ and family gatherings. Direct entry to basement from rear of home. New kitchen with SS appliances and walk-in pantry. All new baths, LED recessed lighting, ceiling fans, crown molding TO, floors, 6 panel doors, freshly painted interior/exterior, newly finished basement with direct access to rear yard. Dining room area previously used as large entertaining, family room. Basement square footage approximately same as main floor living space. Fully finished basement with two private bedrooms, family room, full bath, laundry adds significant living space (1138sf). Egress window for emergency access to exterior. Private/separate entrance to basement apartment, ideal for young adult/college aged children. Situated within walking distance to schools and close to mass transit, the Garden State Parkway, and New Jersey's beaches, shopping, and restaurants.
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| Apr 7, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017