1098 Ridge Runner Road
About This Property
This lovely home is offered by its original owner. Key features include:
-- Architect-designed landscaping; separately metered irrigation system; invisible fencing; natural gas fire pit and conversation area; bib for a natural gas grill.
-- Main-level master with extra-large closets designed by California Closet and designated shoe closet.
-- Hardwood floors throughout.
-- High-efficiency gas log ventless fireplace with blower installed in living room in 2022.
-- Kitchen lower cabinets upfitted with pull-out shelving.
-- New Bosch dishwasher & GE refrigerator installed in 2022.
-- Second floor: bonus room, dedicated office space, three bedrooms, two baths (one en suite).
-- Pre-wired for security system.
-- Detached two-car garage.
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Cap Rate Calculator
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017