5428 Ridge Drive
About This Property
Start your mornings with a cup of coffee on the deck as you watch the sunrise sparkle across the water. Then spend your afternoons cruising the lake on your pontoon, swimming, or simply soaking up the peaceful waterfront atmosphere.
Need space for all your lake toys? The oversized garage provides plenty of room for your pontoon, kayaks, fishing gear, and more.
Whether you're looking for a weekend getaway, summer retreat, or year-round lake home, this property is ready for you to start making memories.
Don't let this opportunity slip away--your lake life dream awaits!
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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