26705 RIDGE ROAD
About This Property
The inviting kitchen features granite countertops, stainless steel appliances, a large island with seating, and a new Pella slider overlooking the outdoor living spaces. The finished walkout lower level offers a 4th bedroom and 3rd full bath, providing flexible space for guests, recreation, or a home office. Real hardwood floors, ceramic tile, and new carpeting flow throughout the home.
Outside, enjoy a custom slate stone front porch and walkway, large deck, fully fenced and private backyard, basketball hoop, fire pit, 10x16 shed with loft, and separate wood shed. The driveway offers abundant parking and a convenient turnaround. Ideally located near Damascus shops, dining, parks, and everyday amenities-this home combines space, privacy, and extensive recent improvements in one exceptional 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.
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About Damascus
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017