61 Red Gate Lane
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 10, 2024 | Sold | ||
| Sold | |||
| May 29, 2024 | Listed by Leading Edge Real Estate | $1,079,000 | |
| Listed by Leading Edge Real Estate | |||
| | |||
|
Proudly presenting the one you will not want to miss!!! This expanded split level home has been lovingly and meticulously maintained by its longtime owners and is located in one of the most sought after neighborhoods on the west side of town. Close proximity to schools, parks, town center, and all that Reading has to offer. The main level features beautiful hardwood flooring throughout the oversized fireplaced living room w/bay window, updated kitchen w/island that opens to the formal dining room, primary en-suite bedroom and 2 additional large bedrooms. A 2010 addition added a stunning family room with an abundance of natural light off the back of the home. The lower level offers a play room w/fireplace, a 4th bedroom, half bath and a laundry room. There is a bonus room perfect for storage or could be finished to create more living space. Enjoy warmer months in the Central AC on the main level or on the composite deck overlooking the landscaped backyard. 2 car attached garage.
| |||
| Jun 2, 1988 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017