6505 Ranger DRIVE
About This Property
New toilets were installed November of 2023. French doors lead to a spacious screened lanai, extending your living space and providing a perfect spot for relaxation and entertainment. Situated on a large pie-shaped lot, this home offers an oversized yard with double gates on the fence line, allowing easy access for an RV, boat, or both via Longboat Blvd. A 30 amp plug on one side of the house is ready for your RV, ensuring your adventures are powered and ready to go. Brand new wood tile flooring throughout makes cleaning a breeze, and is ideal for hosting friends and family. The oversized garage features high-end epoxy coating, a side door for backyard access, and ample space for storage or your favorite hobbies. Don't miss the chance to make this beautiful house your new home!
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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 |
|---|---|---|---|
| Jan 10, 2024 | Sold | ||
| Sold | |||
| Dec 11, 2023 | In contract | - | |
| In contract | |||
| Dec 6, 2023 | Price Decreased |
$400,000
↓ $15K
(3.6%) | |
| Price Decreased | |||
| Nov 30, 2023 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Nov 24, 2023 | Listed by EXP REALTY, LLC | $425,000 | |
| Listed by EXP REALTY, LLC | |||
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About Town N County Alliance
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017