505 N RIDGE RD
About This Property
Step outside to enjoy the expansive front porch, perfect for sipping your morning coffee or relaxing in the evening breeze. With plenty of yard space for the kids to play, this property offers the ideal setting for family fun and outdoor enjoyment. In the backyard, a stone fire pit beckons gatherings with loved ones. And for the hobbyist, the impressive 32x40 garage awaits, featuring 16 ft ceilings, a 9 ft and 14 ft door, heated flooring, storage options, and a loft area for added versatility. Adventure is here in every season! From skiing and snowboarding in the winter to hiking and boating in the summer, this location provides endless opportunities for outdoor recreation. Call today for your personalized tour!
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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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Relisted | $269,900 | |
| Relisted | |||
| Jun 9, 2024 | In contract | - | |
| In contract | |||
| Jun 1, 2024 | Price Decreased |
$349,900
↓ $30K
(7.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017