1216 Lilac Ridge Drive
About This Property
Inside, a welcoming foyer greets you with high ceilings that open to the upper level, setting a bright and airy tone. The staircase is positioned straight ahead, wrapping around with a classic banister. To the right, the living room offers a comfortable gathering space with multiple windows allowing soft natural light to fill the room. Off the living area, a short hallway leads to the laundry room, a half bath, and garage access for added convenience.
Beyond the living area, the floor plan opens to a combined kitchen and dining space-ideal for everyday living and entertaining alike. The area is framed by large windows and a sliding glass door that leads to the backyard. Outside, enjoy a tranquil, garden-like setting with a small patio, lush landscaping, and plenty of room for relaxation or entertaining.
Upstairs are 4 bedrooms, including a thoughtfully added fifth room that offers extra versatility for a guest room, home office, or play space. The primary suite features an en-suite bathroom with dual sinks, while another full bathroom conveniently serves the remaining bedrooms.
Altogether, this home combines functionality and charm, offering comfortable living spaces inside and a peaceful, nature-filled backyard retreat outside.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Feb 17, 2026 | Listed by Keller Williams SELA | $479,900 | |
| Listed by Keller Williams SELA | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017