5216 Edgewood Lane
About This Property
Nestled in a quiet, serene location, this 3.07-acre property is perfect for those looking to build their dream home. It comes with a 3-bedroom septic system installed in 2007, and previously housed a 2-bedroom, 1,080 sq. ft. home. With ample space, there's plenty of room to design and build the home you've always wanted, while enjoying breathtaking canyon views and the tranquility of nature. WATER METER is in and the seller is paying for the water, saving the future buyer thousands on reconnection fees.
Looking for more land? Two additional parcels are available: 2.96 acres next door at 5208 Edgewood and 2.48 acres at 0 Edgewood, bringing the total opportunity to 8.5 acres. This ready-to-build property is waiting for someone to make it their own!
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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 |
|---|---|---|---|
| Jan 22, 2025 | Sold | ||
| Sold | |||
| Dec 28, 2024 | In contract | - | |
| In contract | |||
| Nov 1, 2024 | Price Decreased |
$52,500
↓ $3K
(4.6%) | |
| Price Decreased | |||
| Oct 10, 2024 | Relisted | $55,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017