258 Andes Ridge
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 |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 22, 2024 | In contract | - | |
| In contract | |||
| Aug 12, 2024 | Listed by Georgia Highlands Realty | $34,000 | |
| Listed by Georgia Highlands Realty | |||
| Aug 2, 2023 | No longer available | - | |
| No longer available | |||
| May 19, 2023 | Listed by Georgia Views Realty | $34,900 | |
| Listed by Georgia Views Realty | |||
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Majestic corner lot with fabulous mountain views! This upsloping lot rises quickly to reveal gorgeous valley views, layered mountains, and a peek of a long range view to the side. The other side of the road is downsloping allowing for wider and deeper views. At the bottom of those scenic valley views is Clear Creek where you will hear crashing waters and falls on a quiet day. It is not uncommon to see soaring birds, including eagles, flying in this area. In the Fall and Winter, this lot truly comes to life when the views become wider, colorful, and magical which can be appreciated on a pedestal property like this. Being steep at the front gives you some natural privacy. Approx a third into the lot there is a flatter area that would be perfect for your homesite. You'll love the gate community of Falling Waters with it's quaint fishing lake, hiking trails, and more. 1400 sqft min custom home w 2 car garage and paved drive. HOA. Gated. No camping on lot. Must bring realtor. No rentals.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017