269 Ridgeway Street
About This Property
The main floor is spacious and welcoming, with a large kitchen featuring granite countertops, maple cabinets, stainless steel appliances, and a gas cooktop. The kitchen flows into a roomy dining area, and just off that, there's a big 415 sqft three-season screened porch with a brick floor. You can relax here with your morning coffee in the warmer months or enjoy the cozy living room with a wood-burning fireplace in the cooler months. The living room also leads into a sunroom filled with natural light.
On the main floor, there are two bedrooms, including the primary suite with a jetted tub and glass-enclosed shower. There's also a convenient half-bath near the guest bedroom. The home has beautiful hardwood floors throughout the main and upper levels.
Upstairs, you'll find two big bedrooms and a full bathroom with a tub and separate shower. The finished basement adds extra space with a recreation room, plus a bonus room for an office or extra sleeping area, along with a half-bath. The outside of the house is just as charming, with an underground sprinkler system and pretty landscaping with lighting.
St. Joseph, Michigan, is known as one of the most romantic cities in the area. It's located along the Lake Michigan Shore Wine Trail, about 2 hours from Chicago. The home is close to everything, including the West Basin Marina, St. Joseph River Yacht Club, Harbor Shores Golf Course, Curious Kids Museum, Shadowland Carousel, Whirlpool Fountain, Krasl Art Center, and downtown St. Joseph, which is full of great shops and restaurants.
This home is the perfect place to make family memories in Michigan's beautiful southwest!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017