24823 Cedar Ridge 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 |
|---|---|---|---|
| Dec 4, 2023 | Sold | ||
| Sold | |||
| Apr 22, 2023 | Listed by Top Guns Realty on Lake Conroe | $988,888 | |
| Listed by Top Guns Realty on Lake Conroe | |||
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Brand new, custom-built home situated on 4± acres of tree-lined, tranquil bliss at a dead-end road. With only eight neighbors nearby and located near the Sam Houston National Forest, this home is a serene and private retreat. With over 3800+ SF of space, this home will have a spot for everyone to find their own special place. On the first floor, you'll find a spacious living area with a massive kitchen island, a beautiful fireplace, and fiber internet. There's also an office big enough for two people to work in, a primary retreat and spa-like bathroom, and generous bdrms all around. Step out to the screened-in porch to relax, or venture upstairs to the large game room and full bathroom. Then, enjoy the view out on the large, covered patio and outdoor kitchen overlooking the expansive 4± acres. You'll also find a sprinkler system, an oversized 3-car garage, a concrete driveway. This area is near downtown Montgomery and provides quick access to FM 149, HWY 105, and beautiful backroads.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017