789 Red Oak Drive
About This Property
Situated high up on Red Oak Drive in the desirable neighborhood of Forest Oaks is this 4 bed, 2.5 bath, 2250 square foot Colonial. The main level features a centrally located kitchen which sits between the living room with dining area and family room with wood fireplace. Off the back of the living room are sliders leading to a deck and wooded backyard. Upstairs is the primary suite with full bath and walk in closet. Three more bedrooms and full bath round out the upstairs. The basement is finished and features a washer/dryer area, storage area and multipurpose area. Attached 2 car garage. Home has been owned by same family for past 35 years and it is time for the home to be enjoyed by the next owner. Easy to show! Enjoy!
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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 |
|---|---|---|---|
| May 29, 2024 | Sold | ||
| Sold | |||
| Apr 21, 2024 | In contract | - | |
| In contract | |||
| Apr 16, 2024 | Listed by Gucciardo Real Estate LLC | $409,000 | |
| Listed by Gucciardo Real Estate LLC | |||
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About Schenectady
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017