2390 Ridge Lake Lane
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 |
|---|---|---|---|
| Mar 25, 2024 | Sold | ||
| Sold | |||
| Jul 25, 2020 | Listed by eXp Realty LLC | $990,000 | |
| Listed by eXp Realty LLC | |||
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Fantastic investment opportunity in one of Rockwall County's most prestigious communities! The McLendon Chisholm Community is experiencing rapid growth and appreciation. Enjoy country living near city conveniences, shopping, dining, and entertainment. Great site to build your dream home, or ranch. Several new housing developments nearby. Adjoining greenbelt is city owned property with plans for a park check Rockwall GIS for more details. Do not miss this rare chance to purchase land in this up and coming area while it is still affordable. Currently leased for agricultural use, tenant is interested in continuing. Utilities at road, no meters on property. Buyer is responsible for confirming ALL information.
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About McLendon-Chisholm
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$3,900 /mo
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$4,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017