6908 SOUTHRIDGE DRIVE
About This Property
The main kitchen is a culinary delight, featuring high-end appliances, elegant countertops, and ample storage, with the added convenience of an optional elevator and patio.
Nestled within the sought-after Kent Gardens Elementary School, Longfellow Middle School, and McLean High School districts, this property is ideal for families seeking top-tier education. Situated on a generous 0.33 acres lot, this home offers both space and privacy in a desirable location.
Builder is offering a lender discount of 0.50% of the loan amount when using builder's preferred lender and title company. Don't miss the opportunity to make this luxurious residence your own. Please feel free to contact us for further details.
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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 |
|---|---|---|---|
| Jul 8, 2026 | Sold | ||
| Sold | |||
| Jun 7, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Innovation Properties, LLC | $3,149,888 | |
| Listed by Innovation Properties, LLC | |||
| Nov 25, 2025 | Price Decreased |
$3,388,888
↓ $111K
(3.2%) | |
| Price Decreased | |||
| Oct 27, 2025 | Price Decreased |
$3,499,999
↓ $89K
(2.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017