7010 Ruth Way
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 |
|---|---|---|---|
| Feb 19, 2025 | Sold | ||
| Sold | |||
| Jan 19, 2025 | In contract | - | |
| In contract | |||
| Dec 31, 2024 | In contract | - | |
| In contract | |||
| Dec 26, 2024 | Listed by West and Main Homes Inc | $445,000 | |
| Listed by West and Main Homes Inc | |||
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Solid investment opportunity in charming Perl Mack with 4 beds, 2 baths, and expanded floorplan with 1,820 sq ft. Move-in ready with oak hardwoods on the main level and new carpet in basement; updating could really make it shine! Rear entry doors and double driveways with carport would make it easy to separate into 2 units, and location in Adams County Denver is favorable for short and long term investment properties. Separate dining room off kitchen, and potential to open to living areas. Finished basement with new carpet, two non-conforming bedrooms (no egress windows) and spacious laundry room with unfinished storage. Fenced backyard with covered patio, storage closet and storage shed. Additional perks include RV parking behind fence, sprinkler system front and back, and a central vac system. Easy access to major interstates, DIA, and downtown Denver & Boulder. Come see the potential and start building equity today! Based on location, this Property qualifies for Sunflower Bank's Community Reinvestment Act Program which offers 1.75% of loan amount as a lender credit towards Closing cost, Pre-paid or Buy-down. This program is approved for primary residences, 2nd homes and investment property financing. Please contact listing agent for details and lender contact.
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| Aug 2, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017