3224 MOUNTAIN RIDGE Drive
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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%.
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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 |
|---|---|---|---|
| Feb 6, 2026 | Sold | ||
| Sold | |||
| Jan 19, 2026 | In contract | - | |
| In contract | |||
| Jan 12, 2026 | Listed by Keller Williams Realty | $210,000 | |
| Listed by Keller Williams Realty | |||
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Welcome to 3224 Mountain Ridge Drive, a beautifully maintained 2 bedroom, 2 bath home with 1,519 square feet of comfortable living space. Designed with flexibility in mind, it features dual primary suites located both upstairs and downstairs, plus a loft with mountain views that's perfect for work or relaxation. The freshly repainted interior has a crisp, modern finish, and upgraded flooring throughout ensures a clean, contemporary look with no carpet. Outdoor living is a highlight, with three distinct spaces: an upstairs patio off the master suite, a side patio with BBQ access from the kitchen, and a large covered patio ideal for gatherings. A mature shade tree enhances summer comfort, while the patio roof provides protection on windy or hot days. Two security screen doors add peace of mind. Located in an extremely quiet, established neighborhood near Fort Bliss, the HOA ensures front yards are maintained to a high standard. This home blends style, convenience, and natural beauty in one inviting retreat
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| Mar 15, 2022 | Sold | ||
| Sold | |||
| Feb 25, 2022 | Listed by Century 21 The Edge | $167,950 | |
| Listed by Century 21 The Edge | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017