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15 Ridgewood Lane
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 |
|---|---|---|---|
| Dec 1, 2010 | Sold | ||
| Sold | |||
| May 22, 2010 | Listed by Century 21 McLennan & Company | $74,921 | |
| Listed by Century 21 McLennan & Company | |||
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Seasonal, well maintained water front cottage overlooking trout stocked Forest Lake. Great swimming, fishing, boating, all awaits you a 50 x 8 wrap around screened porch, knotty pine walls, beadboard ceilings, and a family room with pellet stove. A quiet relaxing retreat for summer fun, as well as winter activities on the lake. Land is leased and renewed every 3 years $3,140 per year.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017