116 Meadow Ridge Lane
About This Property
This cul-de-sac retreat sits on 1.92 acres with NO HOA and offers nature, privacy, and incredible features-wrap-around driveway, pond-side walking trail, greenhouse, storage shed, zip line, covered carport, and 30-amp RV hookup.
Inside boasts NEW flooring, NEW roof, NEW appliances (fridge conveys!), and NEW paint, plus a main-floor primary suite with walk-in closets.
All just 5 minutes to I-40 Exits 312 and 319!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Dec 2, 2025 | In contract | - | |
| In contract | |||
| Nov 26, 2025 | Price Decreased |
$324,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Nov 20, 2025 | Price Decreased |
$329,900
↓ $3K
(0.8%) | |
| Price Decreased | |||
| Nov 18, 2025 | Price Decreased |
$332,400
↓ $3K
(0.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017