42
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16 Ledge Hill Ln
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 |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$1,150,000
↓ $49K
(4.1%) | |
| Price Decreased | |||
| Aug 24, 2026 | Listed by Keller Williams Elite | $1,199,000 | |
| Listed by Keller Williams Elite | |||
| Aug 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 22, 2026 | Listed by www.HomeZu.com | $1,320,000 | |
| Listed by www.HomeZu.com | |||
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Nestled in The Fairways at Rehoboth Country Club, this newly built custom Colonial offers 2,816 sq. ft. of thoughtfully designed living space on a private lot. The home features 4 spacious bedrooms, 3 full bathrooms, a bright open-concept floor plan, hardwood floors, a gourmet kitchen with quartz countertops and stainless steel appliances, and a welcoming living area featuring a gas fireplace. The primary suite includes a walk-in closet and a luxurious bathroom. Enjoy abundant natural light throughout the home, along with a private balcony, patio, and a generous backyard ideal for entertaining or relaxing. Additional highlights include a two-car garage, energy-efficient construction, and quality craftsmanship throughout. Conveniently located near shopping, dining, schools, and major highways while maintaining the peaceful charm of Rehoboth's countryside. Move-in ready and designed for modern living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017