2501 Ridge Circle
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 |
|---|---|---|---|
| Apr 12, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | Listed by TX Lake & Land Real Estate | $499,000 | |
| Listed by TX Lake & Land Real Estate | |||
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BREATHTAKING ELEVATED LAKE VIEWS in tastefully remodeled Craftsman-style bungalow overlooking Cedar Creek. Get the best of all worlds with 1.26 acres of waterfront property on short cove, benefits of the calmer shoreline AND spectacular open water views with east-facing sunrises. Cute home has it all with family friendly interior spaces; open floor plan ideal for gathering & entertaining; fully updated kitchen & baths; brick WBFP with hearth; hardwood floors; separated primary with en-suite bath & walk-in closet; and separate workshop or storage with water & electric. Expansive lakeside windows, oversized screened porch, and spacious tiered decks to enjoy every minute of your outdoor lake life! Five manicured lots with mature trees in well established waterfront community with nice neighboring homes, convenient to dining, medical & shopping, and easy commute to metroplex. Fully furnished, short-term rental friendly, great full or part time lake living. Bring toothbrush and move in!
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| Sep 8, 2022 | Sold | ||
| Sold | |||
| Aug 3, 2022 | Listed by KW-Cedar Creek Lake Properties | $390,000 | |
| Listed by KW-Cedar Creek Lake Properties | |||
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Newly Remodeled, Craftsman Architectural Style Waterfront Lake House nestled on 1.26 acres totaling 5 lots. Move-in or AirBnb Ready...all furniture, decor, housewares, TV's, and appliances convey with sale of property. True open concept living - dining - kitchen with actual hardwood flooring throughout while showcasing a wood burning fireplace. Kitchen displays granite countertops with sleek slab front cabinets. Substantial primary bedroom with sizable walk-in closet and outdoor covered patio. Oversized screened-in back porch. Additional seated area lower part of back porch. All outdoor furniture conveys with sale of property. Huge workshop provides electric and water and tools convey with sale of property...or could be converted into a bunch-room. Large fire pit area with lighting.
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| Aug 17, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017