480 Preston Ridge Drive
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 |
|---|---|---|---|
| Jun 6, 2024 | Sold | ||
| Sold | |||
| May 6, 2024 | In contract | - | |
| In contract | |||
| May 3, 2024 | Price Decreased |
$299,900
↓ $20K
(6.3%) | |
| Price Decreased | |||
| Mar 14, 2024 | No longer available | - | |
| No longer available | |||
| Feb 8, 2024 | Listed by Century 21 First Group | $319,900 | |
| Listed by Century 21 First Group | |||
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Brand new construction in a quiet 55+ community in south Tyler. Welcome home to Preston Ridge! This home offers an open floorplan with a chefs kitchen featuring granite countertops, custom cabinets, stainless steel appliances, plus an island for extra prep space and a great place to gather. The easy to maintain vinyl flooring flows throughout the entire home. Stay cozy in the cooler months with a gas fireplace which is the centerpiece of your living area. The owners suite is spacious with an attached bath featuring a walk in shower, double vanities and a walk in closet. There are two guest rooms that share a full bath. This is perfect space for guests when they come visit and you still have room for a home office or hobby room. As a bonus, yard maintenance is included in Preston Ridge! The neighborhood has streetlights and will have two gated entrances. Neighborhood will also feature a clubhouse perfect for small gatherings and a mail room. The manager has listed the unit size as 1607 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017