614 Ringwood Street
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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 20, 2025 | Sold | ||
| Sold | |||
| Jan 24, 2025 | In contract | - | |
| In contract | |||
| Dec 11, 2024 | No longer available | - | |
| No longer available | |||
| Dec 10, 2024 | Listed by Nichols & Assoc. Real Estate | $334,110 | |
| Listed by Nichols & Assoc. Real Estate | |||
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614 Ringwood Street has seen numerous improvements including a 20kw Briggs and Stratton full home generator, double pane windows and new water heater. The downstairs has all tile floors + recessed lighting. The formal living could easily be a game room or study. The dining room has a beautiful chandelier and picture window. The kitchen has updated drawers and cabinets, Quartz counter tops, glass backsplash, built in microwave, Samsung convection oven and Bosch silence plus 46dBa dishwasher. The primary suite is spacious with plantation shutters, large walk-in shower, ceiling fan and walk-in closet. Three bedrooms up have all recently updated carpet + ceiling fans. The recently updated 2nd bathroom upstairs has dual separate sinks with granite countertops, vinyl flooring and shower surround. An oversized covered patio out back includes a spa hot tub, recessed lighting, and ceiling fans. Storage shed. Extensive driveway. Easy access to 45, IAH, The Woodlands and Old Town Spring.
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| Oct 1, 2024 | Price Decreased |
$358,000
↓ $2K
(0.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017