25614 Spring Ridge Drive
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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.
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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 |
|---|---|---|---|
| Sep 30, 2021 | Sold | ||
| Sold | |||
| Jul 15, 2021 | Listed by RE/MAX Grand | $349,000 | |
| Listed by RE/MAX Grand | |||
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Beautiful home, corner lot. All new plumbing 2018. New ROOF 2020, new kitchen(electric cabinets and big drawers) 2018, hot water heater 2018, new concrete driveway(approx 34 ft by 20ft), 2021..new light fixtures, all hard flooring throughout home. Fresh paint inside and out. All new soffits and facia boards around entire home(2021). 18 zone Sprinkler system. New privacy fence. Front windows, west facing are new double paned(2021). Porte cache making for a beautiful covered walkway. Shipping container(possible tiny house), partially converted, makes for lots of storage.4bdrm 2 bth, plus both formals with french doors.Plenty of room for a pool or another home in addition to gazebo area. Agent related to owner, showings start 7/11/2021. Whirlpool tub, mirror defoggers. 2min from I-45 which leads to 10 min The Woodlands, Grand Parkway, Hardy Toll Way.20 min to George Bush Airport. This quality of home on half an acre does not come around often. Come see to believe. Like a brand new house.
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About Spring Ridge
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$6,820 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017