8045 E Ring Street
About This Property
Sunken living room with sliding glass doors to the yard, formal entrance with separate dining room connected to kitchen with quaint Long Beachesque built-ins.
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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 |
|---|---|---|---|
| Aug 25, 2023 | No longer available | - | |
| No longer available | |||
| Aug 3, 2023 | In contract | - | |
| In contract | |||
| Jul 20, 2023 | Listed by Real Brokerage Technologies, Inc. | $1,149,000 | |
| Listed by Real Brokerage Technologies, Inc. | |||
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Welcome to 8045 E Ring Street in the wonderful community of El Dorado Park Estates! As you enter this charming and stylish turnkey home, you will be captivated by the tranquil ambiance. There is a recently renovated kitchen with gas stove, pantry, and ample cabinet space. The two remodeled bathrooms provide a touch of luxury and relaxation to your everyday routine. The property is thoughtfully designed with four spacious bedrooms and features a well-appointed interior with modern finishes, natural light, and a welcoming atmosphere. The step-down living room offers a high ceiling, recessed lighting, and a custom gas fireplace - as well as a sliding door that frames the beautiful backyard. The dual pane windows and central air offer a nice break from the warmth of summer.
Once outside, you'll discover tropical landscaping, a flourishing banana tree and backyard oasis boasting a variety of fruit trees, including a mature lemon tree and orange tree. Just imagine plucking fresh, sun-kissed citrus fruits to enjoy in your favorite recipes. The included 1 year old spa provides a serene retreat where you can unwind and rejuvenate after a long day. Whether you're seeking tranquility or entertaining guests, this backyard paradise offers the ideal setting. Conveniently located in Long Beach, you'll have easy access to an array of amenities, including shopping centers, dining options, parks, and excellent schools. The lively local community ensures that you'll never be far from everything that Long Beach has to offer. The manager has listed the unit size as 1710 square feet.
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| Sep 27, 2017 | Sold | ||
| Sold | |||
| Jul 21, 2017 | Listed by ReMax Tiffany Real Estate | $625,000 | |
| Listed by ReMax Tiffany Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017