30535 Ridgely Way
About This Property
The spacious kitchen opens seamlessly to the dining and living areas, making it perfect for everyday living and entertaining. Well-proportioned bedrooms provide flexibility for family, guests, or a home office, while the private primary suite offers comfort and functionality with an en-suite bath and ample closet space.
Additional highlights include solar, an attached garage, and a thoughtfully laid-out interior that maximizes space and natural light. The low-maintenance yard offers room to relax, entertain, or personalize to your taste.
Conveniently located near schools, shopping, parks, and commuter routes, this nearly new home combines modern comfort with long-term efficiency-an excellent opportunity in a growing Menifee neighborhood.
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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 |
|---|---|---|---|
| Oct 10, 2026 | Relisted | $595,000 | |
| Relisted | |||
| May 16, 2026 | No longer available | - | |
| No longer available | |||
| May 10, 2026 | Relisted | $595,000 | |
| Relisted | |||
| May 6, 2026 | No longer available | - | |
| No longer available | |||
| Mar 18, 2026 | Price Decreased |
$595,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017