640 Ridge Road
About This Property
A highlight of the property is its private saltwater pool, thoughtfully screened for year-round enjoyment. Paired with a fenced yard and lush landscaping, the outdoor spaces create a peaceful retreat that feels both secluded and inviting--ideal for relaxed afternoons or effortless entertaining. Inside, the home welcomes you with a spacious, light-filled layout. The primary suite offers direct access to the screened porch, a generous walk-in closet, and an oversized en suite featuring a soaking tub and walk-in shower. A dedicated office adds versatility, while the main living areas incorporate a breakfast nook, a formal dining space, and a well-planned laundry room just off the two-car garage.
Two comfortable guest bedrooms and a shared full bathroom occupy their own wing, providing privacy and ease for family or visitors.
With its exceptional lot, private pool sanctuary, and premier location near 30A's most beloved amenities, 640 Ridge Road presents an opportunity to enjoy the best of coastal living in a timeless, thoughtfully designed setting.
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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