514 Elm Ridge Drive
About This Property
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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%.
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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 |
|---|---|---|---|
| Jul 16, 2024 | Sold | ||
| Sold | |||
| Jun 15, 2024 | In contract | - | |
| In contract | |||
| May 2, 2024 | Listed by Diamond Homes Realty | $340,000 | |
| Listed by Diamond Homes Realty | |||
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Multiple Offers!
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| Jul 1, 2020 | Sold | ||
| Sold | |||
| Dec 14, 2019 | Listed by Keller Williams Realty | $239,700 | |
| Listed by Keller Williams Realty | |||
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WELCOME HOME! Location is everything! Quick access to I-45 .Nestled on a quiet cul-de-sac, you'll love the peaceful and relaxing living of this spacious 4 bedroom, with gameroom and 2-car garage home in Rayford Ridge. This lovely, meticulously maintained home boasts a nice open kitchen with granite countertops, island, updated stainless steel appliances, and 5 burner gas stove. The kitchen overlooks the family room with beautiful, brand new hardwood floors. Brand new carpet throughout the entire upstairs living areas .The Large backyard with screened-in patio is a perfect place to entertain and enjoy the outdoors come rain or shine. Enjoy the convenience of being minutes away from I-45, the Hardy Toll Road, and the Grand Parkway. A Quick drive to to numerous restaurants and shopping centers including The Woodlands amenities with amazing venues in entertainment & shopping. Zoned to great schools and low tax rate.
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About Rayford Ridge
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Currently no similar homes aroundNearby Rentals
$6,820 /mo
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$10,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017