6516 Briar Ridge Lane
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%.
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 |
|---|---|---|---|
| Jun 18, 2021 | Sold | ||
| Sold | |||
| May 21, 2021 | Listed by Dave Perry Miller Real Estate | $560,000 | |
| Listed by Dave Perry Miller Real Estate | |||
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Lovingly maintained home with excellent floor plan in desirable Shoal Creek. First-floor master suite features a jetted garden tub, huge walk-in closet and additional storage for suitcases or seasonal attire. Formal dining room is currently used as a second living area. Eat-in kitchen opens to main living area with vaulted ceilings, and home office rounds out the first floor. Second floor comprised of two secondary bedrooms and game room with additional built-in workspace. Hardwood floors and tile on the first floor, engineered wood floors upstairs. No carpet in the entire home! Plantation shutters throughout. Enjoy the community pool and green space just across the street! Roof new in 2021. Plano ISD.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017