3923 Sand Ripple Lane
About This Property
Mirrored accent wall in dining room. Fireplace in den with gas connections. Ceiling fans, fenced back yard with patio. Auto garage door opener. Per seller: New AC System (2019), Water heater approximately 6-years old, Roof replaced after Ike (2008). Per seller: Just replaced the kitchen range. House Never flooded. Home warranty included.
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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 |
|---|---|---|---|
| Jul 31, 2020 | Sold | ||
| Sold | |||
| Apr 30, 2020 | Listed by American Republic Realty | $189,900 | |
| Listed by American Republic Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017