12289 Ripple Drive
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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 16, 2026 | Price Decreased |
$11,500
↓ $500
(4.2%) | |
| Price Decreased | |||
| Aug 21, 2026 | Listed by Realty One Group MVP | $12,000 | |
| Listed by Realty One Group MVP | |||
| Jun 26, 2026 | No longer available | - | |
| No longer available | |||
| Sep 19, 2025 | Listed by Realty One Group MVP | $14,000 | |
| Listed by Realty One Group MVP | |||
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Spacious residential lot in a quiet, desirable Punta Gorda location. The property has electrical service access and offers no HOA, no CDD, and no deed restrictions. Just minutes to I-75 and downtown Punta Gorda, where you’ll find the historic district, shopping, and dining. A great spot to build your next home.
| |||
| Mar 1, 2024 | Sold | ||
| Sold | |||
Property Highlights
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About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017