3424 Monadnock Ridge Road
About This 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Sep 29, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by Nest Realty of the Triangle | $799,000 | |
| Listed by Nest Realty of the Triangle | |||
| Sep 1, 2023 | Sold | ||
| Sold | |||
| Jul 19, 2023 | Listed by Fathom Realty NC, LLC | $779,000 | |
| Listed by Fathom Realty NC, LLC | |||
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Escape to Nature's Paradise! Discover this horse-friendly community nestled in the enchanting hardwood forests of Orange County. Located on 11 acres, this home was custom-built by the highly regarded Zinn builders, and offers the perfect blend of tranquility, convenience, and natural beauty. Explore over two miles of hiking trails right outside your back door, then come back to a beautiful deck and hot tub. Situated less than 30 minutes away from Duke University and The University of North Carolina, with easy access to employment, dining and all the other activities the Triangle and the Triad provide, this location is the perfect blend of nature and convenience. Inside, step into a culinary dream in the recently updated kitchen, featuring custom cabinets, a 5-burner stove, elegant quartz counters, and a convenient butler's pantry. With ample space and modern amenities, it's a chef's paradise. Conveniently located just minutes away from downtown historic Hillsborough, one of the most sought-after communities in the Triangle. Broadband Initiative Phase 3.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017