385 Sunset Ridge DR
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 |
|---|---|---|---|
| Jan 11, 2025 | Listed by All City Real Estate Ltd. Co | $199,500 | |
| Listed by All City Real Estate Ltd. Co | |||
| Mar 24, 2024 | No longer available | - | |
| No longer available | |||
| Mar 6, 2024 | Listed by Century 21 Bill Bartlett | $225,000 | |
| Listed by Century 21 Bill Bartlett | |||
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Locacted in a private gated community, this 6.17 acres, outside city limits, with horse riding trails and beautiful wooded areas certainly has a lot to offer. The presence of such amenities would likely appeal to those seeking a serene and luxurious living environment, with ample space for outdoor activities and appreciation of nature. Additionally, the wooded landscape with gorgeous trees adds to the charm and tranquility of the location, making it an attractive option for potential buyers or residents looking for a peaceful retreat.
The addition of private access to the Lampasas River further enhances the appeal of this property and simply enjoying the natural beauty along the riverbank. The proximity to shopping centers like HEB, Target, and Starbucks adds convenience to daily life, making it easy for residents to access amenities while still enjoying the tranquility of living outside the city limits. With horse riding trails, wooded landscapes, and beautiful sites for a home, this property offers a unique blend of rural charm and modern convenience, making it an ideal location for those seeking a peaceful yet accessible lifestyle. Being outside the city limits provides residents with a quieter and more spacious living environment, away from the hustle and bustle of urban life. It allows for more freedom in terms of land use and often offers lower property taxes. Additionally, being outside city limits typically means less light pollution, allowing for clearer views of the night sky and a greater connection to nature. This setting would further enhance the appeal of the property, offering residents a tranquil retreat while still being conveniently located near shopping and other amenities.
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| Feb 2, 2024 | No longer available | - | |
| No longer available | |||
| Nov 8, 2023 | Price Decreased |
$225,000
↓ $5K
(2.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017