117 Paddock Ridge
About This Property
NO HOA and outside of city limits!! This one is complete. Gorgeous home with upgrades throughout and like new. Within just a few years, this home has had new windows, steel entry doors, water Heater, Bathrooms remodeled, dishwasher, gutters, whole house water softener, french drains and more. New roof in 2019.
3 Bedrooms, 2 Bath house with a 3,200 s.f. shop ready for anything. The house has a warm welcoming feel with great porches and covered patio. Many updates and a gorgeous kitchen.
THE SHOP IS A DREAM!! It is spray foam insulated, has 220v and 110v throughout and is Massive. Over 5,000 s.f. of concrete work was also added to the existing driveway and back patio. 6 inch slab in the shop can withstand forklifts or other heavy equipment. Shop also has upgraded 300W service to support the 220v outlets.
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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 |
|---|---|---|---|
| Sep 20, 2024 | Sold | ||
| Sold | |||
| Aug 24, 2024 | In contract | - | |
| In contract | |||
| Jul 25, 2024 | Price Decreased |
$600,000
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Jul 17, 2024 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Jul 10, 2024 | Price Decreased |
$675,000
↓ $25K
(3.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017