624 Ramsgate Road
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 |
|---|---|---|---|
| Jul 1, 2024 | Sold | ||
| Sold | |||
| May 21, 2024 | In contract | - | |
| In contract | |||
| May 9, 2024 | Listed by eXp Realty LLC | $315,000 | |
| Listed by eXp Realty LLC | |||
| Jan 8, 2024 | Listed by Home Pros Real Estate Group | $315,000 | |
| Listed by Home Pros Real Estate Group | |||
| | |||
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This exceptional property has so much opportunity. Sitting on .29 acres sprawled out with loads of room and parking, this home has over 3500 square feet and too many unique features to list. With 5 bedrooms, 3 bathrooms, 2 refrigerated air units, open spaces, storage galore and then some. This two story home has bonus attic rooms throughout the entire upper level that are heated and cooled and not even accounted for in the square footage. Another income potential for the property is the fully finished one bedroom, one bathroom apartment completely detached from the main home. This apartment was previously being rented for $750 per month. This property was also being utilized by the previous tenant as an adult daycare and proved to be a successful income producing property during that time. The options are unlimited with this property and is a great investment and or single family home to be considered.
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| Oct 14, 2023 | Listed by Home Pros Real Estate Group | $349,000 | |
| Listed by Home Pros Real Estate Group | |||
| | |||
|
This exceptional property has so much opportunity. Sitting on .29 acres sprawled out with loads of room and parking, this home has over 3500 square feet and too many unique features to list. With 5 bedrooms, 3 bathrooms, 2 refrigerated air units, open spaces, storage galore and then some. This two story home has bonus attic rooms throughout the entire upper level that are heated and cooled and not even accounted for in the square footage. Another income potential for the property is the fully finished one bedroom, one bathroom apartment completely detached from the main home. This apartment was previously being rented for $750 per month. This property was also being utilized by the previous tenant as an adult daycare and proved to be a successful income producing property during that time. The options are unlimited with this property and is a great investment and or single family home to be considered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017