216 RIDGE PT
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 |
|---|---|---|---|
| Jun 15, 2023 | Sold | ||
| Sold | |||
| Feb 10, 2023 | Listed by Keller Williams Legacy | $194,900 | |
| Listed by Keller Williams Legacy | |||
| Sep 27, 2021 | Sold | ||
| Sold | |||
| Aug 24, 2021 | Listed by Keller Williams Heritage | $190,000 | |
| Listed by Keller Williams Heritage | |||
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Beautiful hill country views from the back of this quiet secluded 3.07 acre property with gorgeous oak trees. This unique cul-de-sac lot offers a lovely flat building site for the destination of your new dream home. Located in the highly desired neighborhood of Mystic Shores on the north side of Canyon Lake with amenities including two community pools, lakeside park, sports courts, community boat ramp, community boat & RV parking, and beautiful nature preserve.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017