8710 Richard Rd
About This Property
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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%.
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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.
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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 30, 2024 | In contract | - | |
| In contract | |||
| Feb 5, 2024 | Listed by MB PEOPLES PREF | $455,000 | |
| Listed by MB PEOPLES PREF | |||
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This great home has all the expensive upgrades recently completed! The roof, the sewer line, the furnace, water heater and the A/C have all been replaced in recent years. Plumbing has been updated from galvanized steel to copper. The main floor has a bright and amazingly large living room open to the kitchen. The primary bedroom was formerly two bedrooms so its now an extra large bedroom for anyone trying to find a big bedroom in an older home. Lots of windows and light also for a home of this age. Basement includes a really large family room (14x24) as well as a third bedroom, 3/4 bathroom and a uitility room. The utility room has an included freezer and workbench and big enough that half could easily be a fourth bedroom in the future. The yard is great with lots of trees and plantings and privacy as well as a huge patio, roomy enough for a hot tub and 220 volt wiring is already in place. Front yard includes water saving xeriscaping. Note an 8x10 Storage Shed also in back for your garden tools! Home also features 4 ceiling fans. Basement bedroom is non-conforming but larger windows than many older home basement windows and includes a large walk-in closet. Another great feature is that seller in past replaced all the upper windows with new double pane windows. All the appliances are included. Home is totally move in ready, close to bus stop and barely over a mile to the light rail stop. Plenty of room to park in the driveway or build a future garage in the back as others have done.
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| Nov 21, 1997 | Sold | ||
| Sold | |||
| Feb 27, 1995 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017