648 RIGGS RD NE
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 |
|---|---|---|---|
| Feb 23, 2023 | Sold | ||
| Sold | |||
| Nov 4, 2022 | Listed by Long & Foster Real Estate, Inc. | $589,990 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Oct 23, 2022 | No longer available | - | |
| No longer available | |||
| Sep 29, 2022 | No longer available | - | |
| No longer available | |||
| Sep 29, 2022 | Listed by College Park | $615,000 | |
| Listed by College Park | |||
| | |||
|
This home has been fully updated and modernized. The main level is an open floor plan with a living and dining room combination. It includes new beautiful hardwood through the upper two levels. The kitchen includes an upscale granite with new stainless steel appliances and it includes a large built in pantry. There's also a powder room for added convenience. The upper level includes 3 bedrooms and a full bathroom. The lower level has been fully finished to include an extra bedroom / home office and a full bath. The possibilities are endless to use the fully separate rear basement entrance with guests or to offset the mortgage and rent it out. It is a very convenient location to public transportation or easy commute into or out of DC. There is a parking pad in the rear for 2 cars off the alley. This home qualifies for $10,000 grant. A part of a "Welcome Home" Mortgage Program through George Mason Mortgage which can be used towards Down Payment and Closing Costs! This special mortgage includes no PMI with 3% down.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017