7027 Terrace Ridge
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 |
|---|---|---|---|
| Aug 24, 2023 | Sold | ||
| Sold | |||
| Jun 2, 2023 | Listed by RE/MAX Grand | $620,000 | |
| Listed by RE/MAX Grand | |||
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Truly impressive Seven Meadows home full of upgrades & updates! With its stone exterior, charming porch, beautiful landscaping, it definitely has great curb appeal. The interior boasts high ceilings with crown molding, spacious home office, dining room, large family room with gas log fireplace & amazing views. Family room opens to kitchen/breakfast area with serving bar. Sellers built walk-in pantry, loads of cabinet storage in kitchen, new Bosch dishwasher, new refrigerator is negotiable. Gas available in island. Outside has perfect OUTDOOR KITCHEN, Sandstone countertops, extended covered patio, large pool/spa, gorgeous landscaping & storage shed. Primary bedroom w/wall of windows, updated bath - round tub, shower & double sink vanity. Primary closet is extended to his & hers. Laundry room has added storage! Upstairs is 3 large bedrooms, 2 full baths, gameroom & BONUS TEXAS BASEMENT. With its location zoned to Katy's best schools & great access to amenities, this home has it all!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017