5 RIDLEY LANE
About This Property
Step inside to soaring ceilings and an open-concept floor plan, creating a bright and airy ambiance. The kitchen is a chef's dream, featuring a center island perfect for entertaining, sleek cabinetry, and a seamless view of the spacious family room. In addition to the family room, enjoy a formal living and dining area, providing ample space for gatherings.
The large master suite is a true retreat, complete with a luxurious master bath, featuring a separate garden tub, walk-in shower, and a generous walk-in closet. A split-bedroom layout ensures privacy, with two large guest bedrooms and a versatile office/den/playroom situated between them.
Outdoor living is just as impressive with covered porch overlooking a spacious backyard, perfect for relaxation and entertaining. This home has been fully updated inside and out, boasting a brand-new roof - 2025, AC - 2019, and water heater - 2024, along with elegant luxury vinyl flooring throughout.
Move-in ready and better than new, this home is an absolute must-see! Schedule your showing today.
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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.
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About Lehigh Woods
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017