507 RIDGE RD
About This Property
The lower level has been developed into wonderful living space with two bedrooms and a full bathroom. The large laundry area has a utility sink, counter space and a cabinet for storage. The utility room also provides space for storage.
Outside this home shines with a large composite deck that has an electric retractable awning. A herringbone brick patio, adjacent to the deck, provides space for grilling. The peaceful back yard, that backs up to county owned land, has mature landscaping and room for all sorts of activities. The side screened porch is a perfect place for enjoying summer evenings or crab feasts! The carport has plenty of space for one car and provides great protection. An attached shed gives plenty of space for lawn & garden needs. Make sure to click on the camera icon for the 3D house tour!
Close to all major commuting routes and nearby attractions, 507 Ridge Road is a wonderful place to call home!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017