550 Bayles Avenue
About This Property
Inside, the home features a bright and spacious living room that welcomes natural light and creates a comfortable gathering space. The centrally located kitchen opens seamlessly to the dining area, making it ideal for everyday living and entertaining. The layout includes a generous primary suite, a guest bedroom, and a versatile bonus room with direct access to the covered back patio.
Outside you will enjoy the expansive backyard, offering endless possibilities for entertaining, gardening, recreation, or simply relaxing in your own private outdoor space. Adding to the property's appeal is a detached two-car garage positioned between the home and the open grounds, along with a large front parking area that provides plenty of space for vehicles, guests, or recreational equipment.
With its historic character, oversized lot, and exciting development potential, this is a truly rare opportunity in Red Bluff.
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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 |
|---|---|---|---|
| Oct 10, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Price Decreased |
$289,900
↓ $20K
(6.5%) | |
| Price Decreased | |||
| Aug 16, 2026 | Price Decreased |
$309,900
↓ $20K
(6.1%) | |
| Price Decreased | |||
| Jul 11, 2026 | Price Decreased |
$329,900
↓ $20K
(5.7%) | |
| Price Decreased | |||
| Jun 9, 2026 | Price Decreased |
$349,900
↓ $10K
(2.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017