359 Ridgewood Drive
About This Property
Welcome home to this quiet country neighborhood of rolling terrain and beautiful trees! This home is loaded with designer touches such as bead board ceiling on the front porch, shiplap in the family and bath, new hardware throughout, generous paved porches on three sides, and its freshly painted inside and out. All this and a custom 25 x 35 metal barn and workshop plus 4H ready stock pen, new roof and AC, situated on a beautiful one plus acre wooded lot. Subdivision pool and tennis court available to residents.
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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 |
|---|---|---|---|
| Dec 30, 2021 | Sold | ||
| Sold | |||
| Nov 19, 2021 | Listed by Elite Texas Properties | $374,900 | |
| Listed by Elite Texas Properties | |||
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No showings until Nov.17th.
Welcome home to this quiet country neighborhood of rolling terrain and beautiful trees! This home is loaded with designer touches such as bead board ceiling on the front porch, shiplap in the family and bath, new hardware throughout, generous paved porches on three sides, and its freshly painted inside and out. All this and a custom 25 x 35 metal barn and workshop plus 4H ready stock pen, new roof and AC, situated on a beautiful one plus acre wooded lot. Subdivision pool and tennis court available to residents.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017