7 Ridge Road
About This Property
A grand gallery foyer introduces the home, with gorgeous crown molding, millwork, and hardwood floors that continue throughout. The Butler's Pantry leads into the country kitchen which features exposed ceiling beams, white stone countertops and stainless steel appliances. Spacious open living and formal dining rooms are complemented by wood-burning fireplaces and panoramic views. A delightful library with a coffered ceiling and fireplace, as well as a laundry room with four front-loading machines. Additional Information: ParkingFeatures:2 Car Detached,
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017