249 River Ridge Ln
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 4, 2026 | Price Decreased |
$395,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Apr 5, 2026 | Price Decreased |
$415,000
↓ $30K
(6.7%) | |
| Price Decreased | |||
| Feb 23, 2026 | Listed | $445,000 | |
| Listed | |||
| Dec 4, 2020 | Sold | ||
| Sold | |||
| Jun 3, 2020 | Listed by Pinon Real Estate Group LLC | $254,000 | |
| Listed by Pinon Real Estate Group LLC | |||
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Experience Salida at its Best ... live right on the edge of the Arkansas River. River lots available in Salida's newest neighborhood... River Ridge. Perfectly located a leisurely pedal from downtown Salida, yet far enough to enjoy the sounds of the river in a quiet idyllic residential setting. River Ridge includes a green pocket park and one of the last opportunities to own a river lot in town. Most lots allow single family homes or multiple units and/or accessory dwelling units (ADU). Scheduled completion August 2020. Start building your Salida story today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017