1409 Ridgeview Circle
About This Property
Envision your future home amidst the scenic beauty that Granbury is renowned for, with an array of landscapes that make outdoor living a year-round pleasure. This lot promises peace without sacrificing accessibility, boasting proximity to local amenities, tranquil lake views, and a community brimming with friendly hospitality. Lot size is approximate, buyer will need to verify measurements and square footage as well as schools.
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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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | In contract | - | |
| In contract | |||
| Apr 12, 2024 | Listed by Magnolia Realty | $32,000 | |
| Listed by Magnolia Realty | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20586708
Details provided by NTREIS and may not match the public record
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