12001 Riprap DR
About This Property
Nestled in the sought-after Stonewater community, this home blends comfort, style and convenience for today's lifestyle.
Step inside to an open-concept floor plan featuring a light-filled living area that flows into a well-appointed kitchen with contemporary finishes. The primary suite is generously sized and offers a private full bath and walk-in closet. Two additional bedrooms offer flexibility for guests, hobbies or a home office. Outside, the fenced backyard and low-maintenance lot deliver easy outdoor enjoyment and smart living.
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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 |
|---|---|---|---|
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Nov 13, 2025 | Listed by Joseph Walter Realty, LLC | $249,000 | |
| Listed by Joseph Walter Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017