422 RIDGEVIEW COURT
About This Property
Upstairs Master suite with walk-in closet and ensuite bathroom. Three additional well-sized bedrooms down the hall. The lower level features a large family room with walk-out sliding glass doors. A half bath, office room, recreation room, and workshop. The garage is currently being used for storage and a workshop area but can easily be converted back to a garage. Check out the video!
Outside a 15' x 28' in-ground pool with super-sized slide ready for action! A garden shed that measures 8' x 14' and matches the house. Tasteful landscaping that includes a spring peonie flower show that just won't quit! Spriggs Cove neighborhood has water access for canoeing, crabbing, fishing and kayaking. Walk to the elementary school, 2 parks, a bike trail, and The Point Crabhouse and Grill. Conveniently located to Rt. 2 and Rt 50 for commuting to DC or Baltimore.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017