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116 Stephens Ridge Lane
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 |
|---|---|---|---|
| Oct 8, 2026 | In contract | - | |
| In contract | |||
| Sep 13, 2026 | Price Decreased |
$609,000
↓ $30K
(4.7%) | |
| Price Decreased | |||
| Sep 3, 2026 | Listed by Compass RE Texas, LLC - Lake Conroe | $639,000 | |
| Listed by Compass RE Texas, LLC - Lake Conroe | |||
| Oct 18, 2023 | Sold | ||
| Sold | |||
| Apr 11, 2023 | Listed by Perry Homes Realty, LLC | $669,900 | |
| Listed by Perry Homes Realty, LLC | |||
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PERRY HOMES NEW CONSTRUCTION! Home office with French doors set at entry with 20-foot ceiling. Formal dining room opens to rotunda with curved staircase. Two-story family room with 18-foot ceiling, a fireplace and wall of windows opens to kitchen and morning area. Kitchen hosts generous island with built-in seating space. Primary suite with curved wall of windows. Primary bath includes dual vanity, corner garden tub, separate glass-enclosed shower and large walk-in closet with access to utility room. First-floor guest suite. A game room and three secondary bedrooms are upstairs. Extended covered backyard patio. Mud room off three-car garage.
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017