6537 Ranchito Avenue
About This Property
Step inside and be greeted by the meticulously renovated interior, newer Milgard windows drench the open living space with natural light. The chef's kitchen its highlighted with beautiful Rejuvenation pendant lights, quartz countertops, Frigidaire appliances, Wolf stove and Waterstone faucets. The open concept is great for entertaining, or enjoy a nice dinner the dining room where the classic wainscotting adds a touch of sophistication.
Wide plank engineered hardwood floors lead you into a spacious 1st floor master bedroom with private bathroom. Downstairs, you also find an alluring study and guest bath ready to meet your dark academia design needs. Upstairs you'll be greeted with a Restoration Hardware chandelier to point you towards 3 spacious bedrooms complete with large walk-in closets. There is a bright hallway bathroom with dual sinks, plenty of hallway built in storage and a large finished storage room.
Outside the home is a horticultures dream, complete with raised planting beds, automatic sprinklers and drip system to feed a variety of fruit trees and vegetables including grapes, lemons, tangerines, oranges, tangelos, limes, cherry tomatoes and artichokes. The detached garage is equipped with a charging station for electric vehicles, an oversized laundry room and an additional bathroom for convenience when you're outside entertaining or enjoying the hot tub.
Dual HVAC units will help keep you cool both upstairs and down. Newer copper plumbing and water main, abs drain pipes, electrical and roof will assure you that things will run smooth and efficient. The house is also prewired with ethernet cables, security cameras and built in speakers.
Thought and insight was definitely present when updating this home, so don't wait and hurry to make it all yours.
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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%.
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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 |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jul 20, 2024 | Listed by Compass | $1,250,000 | |
| Listed by Compass | |||
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About South Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017