2518 Ridgetop WAY
About This Property
Electrical panel updated to code and window in the back bedroom replaced! The whole house was gutted down to the studs, redesigned and renovated in early 2020. As you enter the home, you'll be struck by the open and airy feeling created by the high ceilings and natural light that floods the living space. The spacious living room opens to the dining area and kitchen, creating the perfect space for entertaining family and friends. The kitchen boasts beautiful countertops, stainless steel appliances, and ample storage space for all your cooking needs. The master bedroom is a peaceful retreat with plenty of space to unwind after a long day. The ensuite bathroom features a bright vanity, and modern shower. The additional bedrooms are generously sized and perfect for a growing the family or a home office. Step outside to the screened-in patio and enjoy the serene backyard oasis, complete with a sparkling pool and plenty of space for outdoor activities. This home is conveniently located near shopping, dining, and entertainment options. Don't miss out on the opportunity to make this beautiful home yours!
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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%.
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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.
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About East County Civic Group
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$2,600 /mo
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$2,700 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017