70 Riley Switch Rd
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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Aug 30, 2024 | Listed by Innovative Real Estate Solutions LLC | $349,900 | |
| Listed by Innovative Real Estate Solutions LLC | |||
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Cape style home located on 3+acre site just a short distance to Route 2. First floor features an updated kitchen, large dining room and a living room with hearth and vaulted beamed ceiling. Second floor has bedroom, full bath, sitting room overlooking living room with a large bonus room that could be built out as a bedroom. Basement is partially finished with an additional bedroom. Large 2-car detached garage. New septic tank and D-Box. Certificate of Compliance to be provided. New boiler, hot water tank and water filtration. This property is eligible under Freddie Mac First Look Initiative through 9/30/24 (30 days from List Date). Only owner occupant, non-profit and Neighborhood Stabilization Program (NSP) offers will be reviewed and considered during First Look. Seller will not allow more for than 10 Days for Inspections. Sold in strictly as-is condition. All offers must have Proof of Funds or Pre-Approval within last 30 days and a min deposit of $1000.
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| Sep 11, 2023 | Sold | ||
| Sold | |||
| Nov 15, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017