2821 Riding Ring
About This Property
Extensive upgrades provide peace of mind and modern appeal, including a brand-new roof, new concrete board siding with added insulation on the front of the home, and freshly painted exterior. Inside, you'll find new flooring throughout, white vinyl shutters across the entire home, and two fully remodeled downstairs bathrooms. Additional improvements include PEX waterlines in downstairs bathrooms, a new tankless water heater, and a redone ABS sewer system.
Energy efficiency is a bonus with leased solar and a whole-house battery system, helping to reduce utility costs while providing added backup power security.
Outdoor amenities include a covered back patio ideal for entertaining, a charming gazebo, a storage shed with electricity, and a pull-through driveway for added convenience. An RV dump station is already in place, making this property even more functional for recreational vehicles or guests. The backyard has been enhanced with grading and slope work, a cement block wall along the east boundary, vinyl fencing along the rear boundary, and a front-yard sprinkler system with timer for easy maintenance. An older barn currently used for storage offers excellent potential to be restored for horses or livestock, completing this nearly one-acre property designed for country living with modern comfort.
With room for animals, hobbies, RV access, and multi-generational flexibility, this unique property offers both rural charm and everyday practicality-all in one exceptional package. 7th bedroom is currently used as a dining room with a pantry
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 24, 2026 | Sold | ||
| Sold | |||
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Feb 18, 2026 | Listed by KELLER WILLIAMS RIVERSIDE CENT | $1,049,000 | |
| Listed by KELLER WILLIAMS RIVERSIDE CENT | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017