6385 Red Cedar Street
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 |
|---|---|---|---|
| Sep 27, 2023 | Sold | ||
| Sold | |||
| Jun 25, 2023 | Listed | $315,000 | |
| Listed | |||
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Mount Evans Ranch Home with 3 Bedrooms and 2 Baths on Premium Lot. Built in 2021, this 1,490 square foot home offers the latest finish and many extras! The home faces the east for lots of soft, natural lighting. The open floor plan and high ceilings offer a spacious feel and, at the same time, the rich brown-tone finish and fireplace offers a cozy feeling. The kitchen is the heart of this home where you can gather around the large island or the dining room table. The Farm Sink, upgraded Chicago Brick Backsplash and Under Cabinet Lighting adds great ambiance. The living room Gas Fireplace is framed in stone. From the living room, access the large patio and partially fenced yard. Extend the retractable awning for a cool respite from the afternoon sun and enjoy the summer within the white picket fence of your private yard. The primary bath offers a HUGE walk-in shower and closet with built-in shelving. The hall bath has a tub/shower. So many extras - the driveway is over-sized, the garage is insulated and dry-walled. There is a mud sink and stacked washer & dryer in the laundry. A storm door protects the entry from the elements. Enjoy the outdoors on the large patios in front & back of the home. TV mount will stay with the home, as well as, the four comfy chairs surrounding the kitchen island. Easy commute to I-25 or Hwy-85. Shopping, restaurants, coffee, and gas all within minutes of this great location. Prairie Greens is a land lease community. The land lease currently has a monthly fee of $715 and includes lease of land, road maintenance, street snow removal, clubhouse, fitness center, outdoor pool, and playground/park (NO HOA FEE - just land lease fee).
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| Jun 7, 2023 | Listed by eXp Realty, LLC | $315,000 | |
| Listed by eXp Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017