506 Ridge Rd
About This Property
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 2, 2026 | Price Decreased |
$665,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Jun 18, 2026 | Listed | $675,000 | |
| Listed | |||
| Aug 2, 2024 | Sold | ||
| Sold | |||
| Jul 11, 2024 | In contract | - | |
| In contract | |||
| Jun 3, 2024 | Listed by Box State Properties | $645,000 | |
| Listed by Box State Properties | |||
| | |||
|
Welcome Home to Your Mountain Oasis Step into this custom-built home, lovingly maintained to offer you a perfect retreat in the heart of the mountains. From the moment you arrive, you'll feel the warmth and care that has been put into every detail. Imagine cozy winters with an upgraded gas meter ensuring your home is always warm and a heated garage with a 100-amp electrical service for all your needs. Inside, you'll find a newer programmable pellet stove that adds both charm and convenience, and a beautiful electric fireplace in the basement spare bedroom that invites you to unwind and relax. For those who cherish peaceful moments by the water, this community is a dream come true, with access to five privately stocked lakes where you can fish all year round for just $ annually. Wake up each morning to breathtaking views of Pikes Peak, a reminder of the beauty and serenity that surrounds you. The nearby National Forest (717) is less than a mile away, and hiking trails (511) are within walking distance, offering endless opportunities for adventure and exploration right at your doorstep. With a durable steel roof in excellent condition, you can enjoy worry-free, long-lasting living. The entire exterior was freshly painted in 2019, adding a touch of freshness and pride to this already stunning home. This is more than just a house; it's a sanctuary where you can create cherished memories, find peace, and embrace the beauty of mountain living. Don't miss the chance to make this heartfelt mountain retreat your own. Welcome home.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017