109 Ridgeway Circle
About This Property
An electric vehicle charger has already been installed, so if you're driving electric or planning to, you're all set from day one. Garden tub, separate shower, and updated closet shelving for smart storage and organization. The community pool and pavilion are just steps away, perfect for lazy weekends, backyard barbecues, and making memories with the people you love most. Sprinklers already installed! Shopping and dining just 1 mile away, local schools are 1 mile away, and Eglin Air Force Base is 26 miles. Schools are A rated and Crestview has ample dining. No pets have ever lived in the home. Come see it for yourself. You might just fall in love.
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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 11, 2026 | Price Decreased |
$289,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Apr 21, 2026 | Price Decreased |
$299,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Mar 5, 2026 | Price Decreased |
$304,000
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Feb 26, 2026 | Price Decreased |
$305,000
↓ $2K
(0.5%) | |
| Price Decreased | |||
| Feb 16, 2026 | Price Decreased |
$306,500
↓ $500
(0.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017