2119 Ridgemore Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Nov 10, 2020 | Sold | ||
| Sold | |||
| Sep 10, 2020 | Listed by Houston's Luxury Properties | $329,900 | |
| Listed by Houston's Luxury Properties | |||
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Beautifully updated and extensively renovated 3 bed/2 bath home on large 7,801 sq. ft. lot in highly desired Spring Branch. 2 car attached garage. Major improvements from 2013-2020 include new AC/furnace and duct work, refinished hardwood floors throughout, sewer line replacement, new TPO membrane roof, new PEX water lines, all new Hardi Plank siding, new BATT insulation in exterior walls, new double-paned windows, new 2in. blinds, completely re-painted interior and exterior of the home, and completely renovated kitchen and bathrooms (see attached upgrades list). Large living room with beautifully refinished hardwoods and abundant natural light throughout. Completely updated kitchen, which includes premium countertops and abundant storage space. Every upgrade imaginable throughout the home! Spacious fully fenced backyard with patio deck perfect for entertaining. Home has never flooded. Schedule your private tour today!
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| Jul 12, 2020 | No longer available | - | |
| No longer available | |||
| May 1, 2020 | Listed by Keller Williams - Houston Metropolitan | $349,000 | |
| Listed by Keller Williams - Houston Metropolitan | |||
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Located on a large 7,801 sq.ft. lot in popular Spring Branch this 3/2/2 has been extensively updated; 2013-2019 improvements = new AC/Heater & duct work, refinished hardwoods, sewer line replacement, new TPO membrane roof, new PEX water lines, all new Hardi Plank siding, new BATT insulation in exterior walls, new double paned windows, new 2in blinds and new interior & exterior paint. Upon entering guests are greeted by a large living room with beautifully refinished period hardwood flooring and three wide windows that let in lots of light, the updated kitchen (2017) features granite counters, tons of storage space and a gas range. Refinished hardwoods in all bedrooms & unique period built-ins. Both baths have been updated including the luxurious master bath which offers a high-end granite counter and a glass shower door. Huge backyard is fully fenced and offers a storage shed. Buyers will be hard pressed to find another home with this many updates at this price point in the area! The manager has listed the unit size as 1631 square feet.
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About Northwest Houston
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Last Updated: 5 months ago
Data Source: HAR , MLS# 71852033
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