24 Ridge Avenue
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 |
|---|---|---|---|
| Nov 15, 2006 | Sold | ||
| Sold | |||
| Apr 28, 2006 | Listed by Matthew Hayes & Company | $429,900 | |
| Listed by Matthew Hayes & Company | |||
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Loc!Loc!Loc! Great walk-around low traffic neighborhood with terrific water-view of Lake Cochituate. Home sited on appealing corner lot in cul-de-sac like setting, near schools, recreation fields, shopping, major routes. Walk to putting greens/drvng range. Character--built-ins! Newly refinished hdwds! Charming FP LR! Large formal DR. Attrac fully cabineted Ktch. Inviting FR. Walk-up attic-storage galore/cedar clst! Recent furnace, HW Htr,& elec panel. Freshly painted BR's! More!
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