2123 SHADOW RIDGE DRIVE
About This Property
Set on a desirable corner lot in a sought-after community, this spacious residence offers a compelling blend of architectural presence, functional layout, and future potential. A brand-new roof installed in 2025 provides peace of mind and immediate value-an increasingly important upgrade in today's insurance-conscious market.
Inside, the home welcomes you with an open, airy floor plan highlighted by soaring ceilings and generous living spaces designed for both everyday living and entertaining. Formal living and dining rooms create defined yet flexible areas, while abundant natural light enhances the sense of volume and flow throughout the home.
The living areas extend seamlessly to a screened porch under roof, offering a comfortable indoor-outdoor retreat ideal for morning coffee or evening gatherings. The private backyard provides separation from neighbors and room to reimagine outdoor living.
While the property does require updating and tender loving care, it presents an exceptional opportunity to personalize and add value in a strong neighborhood where renovated homes command premium pricing. The combination of location, layout, ceiling height, and lot positioning makes this home an ideal canvas for buyers seeking space, character, and long-term upside.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017