30
Map
Video Tour
7051 Ruth Way
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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Mar 9, 2026 | In contract | - | |
| In contract | |||
| Jan 22, 2026 | Listed | $530,000 | |
| Listed | |||
| |||
|
Beautifully updated 5-bed, 3-bath limewashed brick ranch with 2,036 sq ft of flexible, income-ready space in desirable Twin Lakes. The main level offers 2 bedrooms, 2 baths, hardwood floors, and a modern kitchen with quartz counters, stainless appliances, and two-tone cabinetry.
The fully finished basement features 3 bedrooms, a kitchenette, family room, 3/4 bath, and a large utility/laundry/storage room-perfect for rental income or multi-generational living. With a gross income of $58,542 in 2024 (averaging $4,878/month), this setup has proven cash-flow potential.
Outside, enjoy a fenced backyard with firepit and a huge wraparound carport/covered patio, providing ample outdoor living space and parking. Lease-to-own solar panels help keep utilities low.
The home is being offered fully furnished, providing a seamless, turn-key investment opportunity for the buyer.
Move-in ready, income-producing, and built for flexibility - Ruth delivers comfort, convenience, and strong returns.
| |||
| Oct 16, 2025 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Sep 11, 2025 | Listed | $575,000 | |
| Listed | |||
| | |||
|
Beautifully updated 5-bed, 3-bath limewashed brick ranch with 2,036 sq ft of flexible, income-ready space in desirable Twin Lakes. The main level offers 2 bedrooms, 2 baths, hardwood floors, and a modern kitchen with quartz counters, stainless appliances, and two-tone cabinetry.
The fully finished basement features 3 bedrooms, a kitchenette, family room, 3/4 bath, and a large utility/laundry/storage room-perfect for rental income or multi-generational living. With a gross income of $58,542 in 2024 (averaging $4,878/month), this setup has proven cash-flow potential.
Outside, enjoy a fenced backyard with firepit and a huge wraparound carport/covered patio, providing ample outdoor living space and parking. Lease-to-own solar panels help keep utilities low.
The home is being offered fully furnished, providing a seamless, turn-key investment opportunity for the buyer.
Move-in ready, income-producing, and built for flexibility - Ruth delivers comfort, convenience, and strong returns.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017