38 Valera 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 |
|---|---|---|---|
| Sep 9, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Jul 14, 2024 | Listed by Keller Williams Realty The Woodlands | $975,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
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Situated on a generous corner lot in Creekside, this magnificent 5/bed home by J. Patrick exudes elegance. Inside, the open floor plan showcases stunning hardwood floors, a grand staircase bordered by a formal dining room and a spacious study, leading to a 2 story family room w/ a stunning gas log fireplace set in a stone wall. The gourmet kitchen is open to the family room & boasts a HUGE island, custom cabinetry, & SS appliances & a butler's pantry. The secluded & nicely sized primary suite located on the first floor features marble vanities in a spa-like bath w/ a MASSIVE walk in closet. Upstairs, roomy secondary bedrooms, large game room, & a wired media room, plus walk-in storage! Entertain all summer in the backyard oasis featuring a pool w/waterfall/spa/pergola & fire pit w/ plenty of room for pets & kids to run & play! Three car garage, highly rated TISD, close to parks, restaurants, shopping, plus entertainment! Come live the good life in this highly sought after neighborhood!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017