5501 Spring Ridge Drive
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 29, 2021 | Sold | ||
| Sold | |||
| Jan 15, 2021 | Listed by JP and Associates Southlake | $255,000 | |
| Listed by JP and Associates Southlake | |||
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ADORABLE home on oversized culdesac lot. 4 bed or flex study space plus 2 bath. Open & bright layout completely updated including new roof summer 2020. Kitchen with granite counters, island & plenty of counter space. 2 large living rooms & 2 dining areas perfect for entertaining & a growing family. Updated paint, newer carpet and flooring throughout. Spacious bathrooms nicely updated with granite. Oversized back patio with GORGEOUS flagstone, cedar that extends length of the house, lighting & ceiling fan. Enjoy oversized backyard with newer double slatted wood fence 2016, Newer 4 ton 14 seer AC with heat pump, upgraded 5 ton air handler. Newer hot water heater 2015. Don't miss out!
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About Watauga
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$2,175 /mo
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$1,995 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017