5685 Las Ramblas Avenue
About This Property
The Rhode Island is a single-story new-construction home with three bedrooms, a flex room, and two baths. Primary bedroom zone separate with walk-in closet and spacious bath with large shower, double vanity, and floating cabinets plus a large vanity mirror. Nice open floor plan, Beautiful kitchen with island, granite countertops throughout, tile backsplash, wall oven and microwave, cooktop, nice range hood plus dishwasher, all stainless steel. Rich wood cabinets with crown molding plus hardware. Modern features with lots of LED lighting. Ceramic tile flooring in living and wet areas, carpet in all bedrooms.. Pictures are for the proposed plan and not of the actual home and for demonstration purposes only
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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%.
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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 22, 2026 | Listed by Better Homes and Gardens Real Estate Elevate | $293,450 | |
| Listed by Better Homes and Gardens Real Estate Elevate | |||
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About El Paso
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017