36 Ribbon Falls Drive
About This Property
The manager has listed the unit size as 1000 square feet.
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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 |
|---|---|---|---|
| Mar 24, 2024 | No longer available | - | |
| No longer available | |||
| Mar 6, 2024 | Price Decreased |
$20,000
↓ $5K
(20%) | |
| Price Decreased | |||
| Feb 28, 2024 | Relisted | $25,000 | |
| Relisted | |||
| Feb 16, 2024 | No longer available | - | |
| No longer available | |||
| Feb 14, 2024 | Price Decreased |
$25,000
↓ $5K
(16.7%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/14/2023
| |
2 Bed
|
2 Bath
|
1000 ft²
|
$54,900
2 Bed
2 Bath
1000 ft²
|
-
-
|
Angela Cavell
SURF N TURF REAL ESTATE LLC
|
|
05/02/2018
| |
2 Bed
|
2 Bath
|
936 ft²
|
-
2 Bed
2 Bath
936 ft²
|
-
-
|
Carl Mraz
Four Star Homes, Inc.
|
Building Info
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