5 Ridgewood Lane
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 |
|---|---|---|---|
| May 11, 2018 | Sold | ||
| Sold | |||
| Mar 2, 2018 | Listed by RE/MAX Triumph Realty | $109,900 | |
| Listed by RE/MAX Triumph Realty | |||
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SEASONAL SUMMER RETREAT! Picture perfect views of lovely Forest Lake! Sit back and relax on the deck and enjoy the waterfront in this lovely two bedroom cottage. Situated on leased land, this cottage has been updated to include, laminate floors, newer roof, and a new extended dock. The outside is vinyl sided and has an area where you can enjoy campfires while overlooking the lake. In close proximity to the Town Beach, where you will find a picnic area and a boat ramp or take a walk in the Town Forest which consists of 90 acres of beautiful nature.
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| Jun 30, 2017 | Sold | ||
| Sold | |||
| Jun 1, 2017 | Listed by Berkshire Hathaway HomeServices Warren Residential | $114,999 | |
| Listed by Berkshire Hathaway HomeServices Warren Residential | |||
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Looking for seasonal lakefront property with gorgeous views and tranquil surroundings? Look no further! This two bedroom updated cottage on Forest Lake has all that and more. Updates include stained deck. new dock, new stairs to dock, new roof, renovated bath and new lighting. From your own private dock you can enjoy electric and paddle boating, fishing, swimming or just dangling your feet in the cool lake on a nice summer day. Forest Lake is a great getaway within a short drive from home! In addition, the association abuts the Methuen Town Forest which is over 90 acres and has a public beach, picnic area, parking, walking trails etc. which is a short walk from the property. The land lease is not included in the purchase price, see firm remarks.
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| May 11, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017