229 Ridgewood Drive
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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 |
|---|---|---|---|
| Jan 10, 2025 | Sold | ||
| Sold | |||
| Dec 12, 2024 | Listed by Summit Realty | $289,000 | |
| Listed by Summit Realty | |||
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Welcome home to 229 Ridgewood Drive located in the Oak Hollow community, zoned to Waller ISD! This home features 3 bedrooms, 2 full bathrooms with a little bit over 1,200 sqft of living space! This home has been recently remolded and updated! Some of these changes include; NEW interior and exterior paint, FULLY updated bathrooms, NEW countertops, NEW hardware and fixtures, NEW floors, and NEW gravel driveway! This home is priced to sell quickly, so book your showing!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017