1601 Ridge Drive
About This Property
Being close to Eastern Florida College it could also be an excellent rental property for students. The unit has a screened in patio with a hot tub
Considering the year Built and the price this unit is a bargain for a 1st time home buyer and comes complete with an updated Central Cooling system and new hot water heater.
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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 24, 2019 | Sold | ||
| Sold | |||
| Jan 6, 2019 | Listed by Housing Market LLC | $69,900 | |
| Listed by Housing Market LLC | |||
| Dec 28, 2018 | No longer available | - | |
| No longer available | |||
| Sep 22, 2018 | Price Decreased |
$74,900
↓ $5K
(6.3%) | |
| Price Decreased | |||
| Aug 28, 2018 | Listed by Housing Market LLC | $79,900 | |
| Listed by Housing Market LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017