500 Ridgewood Drive
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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 |
|---|---|---|---|
| Dec 5, 2024 | Sold | ||
| Sold | |||
| Nov 6, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2024 | Listed by TX Lake & Land Real Estate | $159,900 | |
| Listed by TX Lake & Land Real Estate | |||
| Jun 1, 2020 | Sold | ||
| Sold | |||
| Apr 10, 2020 | Listed by Riddle Team Realty | $89,000 | |
| Listed by Riddle Team Realty | |||
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Looking for that get away or a home near lake. This is it. It has been totally remodeled from floors, cabinets, cabinets counters, bathroom fixtures, paint, electrical wiring, hot water heater, and replaced windows. House sets about a half mile from the lake (Cedar Creek). Established neighborhood and friendly. Off back room, there is a large walk in pantry, laundry room with hook ups. Each bedroom has ample closet space. Open living from Kitchen to Living. Fenced in lot. This is a nice property. Call your agent and go see it.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017