12 Ridge Trail
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 |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Aug 19, 2025 | Price Decreased |
$239,000
↓ $11K
(4.4%) | |
| Price Decreased | |||
| Jul 24, 2025 | Listed by Real Broker LLC | $250,000 | |
| Listed by Real Broker LLC | |||
| | |||
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SELLER FINANCING AVAILABLE! Enjoy breathtaking mountain and lake views from this move-in ready 2-bedroom, 2-bathroom home, perfectly situated on 1.5 acres with no HOA. Just five minutes from downtown Blue Ridge, this property offers the ideal blend of privacy, scenery, and convenience. Built on a permanent foundation, the home features 925 sq ft of inviting living space. The kitchen has been upgraded with new stainless steel appliances-including a dishwasher, refrigerator, and gas stove-along with a newer dryer. From the front deck, take in panoramic views that make every morning and evening special. The property also includes a spacious workshop barn ideal for hobbies or storage, plus a charming chicken coop ready for your backyard flock. Whether you're looking for a family home, a serene retreat, or a short-term rental investment, this home delivers comfort, natural beauty, and unbeatable proximity to Blue Ridge shopping, dining, and attractions.
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| Jul 19, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017