1003 Ridgemont Drive
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 9, 2024 | Sold | ||
| Sold | |||
| May 2, 2023 | Listed by Monument Realty | $500,000 | |
| Listed by Monument Realty | |||
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OPEN HOUSE 1.14 2pm to 4pm. AS-IS sale. This beautiful home located in the heart of Allen, Texas has ample space for entertaining, an eat in kitchen plus a perfect patio for grilling and relaxing in the pool on a warm summer night. Working from home you will have a great size private office with a connected sitting or dining room space off the kitchen with island, tons of cabinets and area for your breakfast table. The primary suite offers so much space and the primary bath has stand in shower, jetted tub and connected you will find the walk in his and her closets. This backyard and patio will have you wanting to host and bbq all summer long. Check out the Oak Point and Nature Preserve nearby and don't forget this home is located in the top rated Allen ISD. Schedule your showing today!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017