405 RIDGEMONT AVE
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 |
|---|---|---|---|
| Mar 23, 2019 | No longer available | - | |
| No longer available | |||
| Feb 7, 2019 | Price Decreased |
$1,050,000
↓ $35K
(3.2%) | |
| Price Decreased | |||
| Dec 3, 2018 | Listed | $1,085,000 | |
| Listed | |||
| | |||
|
Ideal location Online shows 3124sq ft this does not include updated spacious 600sq ft back house. Approx 3724sq ft. Beautiful spacious 2 story traditional located in the heart of Terrell Hills. 3 bedrms, each w/ private bathrm. 3.5 baths. Hardwood floors, Natural lighting throughout. Costa Esmeralda Granite Counters & Backsplash, Thermador Stove, Sub-0 frig and Wine frig. Spacious Backhouse, Large Yard, Pool and beautiful landscape lighting. The circular driveway provides extra parking and basketball hoop. The manager has listed the unit size as 3124 square feet.
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| May 21, 2008 | Sold | ||
| Sold | |||
| Apr 25, 2008 | Listed by Kuper Sotheby's Int'l Realty | $589,500 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017