1
Map
422 Ringwood Avenue
About This Property
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Cap Rate Calculator
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 16, 2024 | Sold | ||
| Sold | |||
| Jun 6, 2024 | In contract | - | |
| In contract | |||
| May 20, 2024 | Listed by RE/MAX SELECT - Franklin Lakes | $169,900 | |
| Listed by RE/MAX SELECT - Franklin Lakes | |||
Property Highlights
422 Ringwood Avenue
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/20/2024
| |
1 Bed
|
1 Bath
|
-
|
$169,900
1 Bed
1 Bath
|
$205,000
+20.66%
07/16/2024
|
-
|
FRANCES BLAKELY
RE/MAX SELECT
|
|
06/01/2023
|
1 Bed
|
1 Bath
|
-
|
$249,900
1 Bed
1 Bath
|
$250,000
+0.04%
07/28/2023
|
-
|
David Cordova
RE/MAX SELECT - Fort Lee
| |
|
08/19/2021
|
1 Bed
|
1 Bath
|
-
|
$179,900
1 Bed
1 Bath
|
-
-
|
-
|
DAVID FENWICK
REALTY EXECUTIVES EXCEPTIONAL
| |
|
03/23/2021
|
1 Bed
|
1 Bath
|
-
|
$164,700
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
|
02/28/2021
|
1 Bed
|
1 Bath
|
-
|
$171,500
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
|
08/21/2020
|
Loft
|
1 Bath
|
680 ft²
|
$175,000
Loft
1 Bath
680 ft²
|
-
-
|
-
|
-
| |
|
06/06/2019
| |
1 Bed
|
1 Bath
|
-
|
$135,000
1 Bed
1 Bath
|
-
-
|
-
|
-
|
|
08/13/2018
|
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
|
07/30/2017
| |
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
-
|
|
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$169,900
1 Bed
1 Bath
|
$205,000
+20.66%
07/16/2024
|
-
|
FRANCES BLAKELY
RE/MAX SELECT
|
Building Info
- 1 Unit for Sale
About Pompton Lakes
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RE/MAX SELECT - Franklin Lakes
Last Updated: 9 months ago
Data Source: NJMLS , MLS# 24015753
All information deemed reliable but not guaranteed.© 2024 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
