7115 Ridge Trail Road
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 10, 2025 | Sold | ||
| Sold | |||
| Jan 28, 2025 | In contract | - | |
| In contract | |||
| Dec 4, 2024 | Price Decreased |
$79,000
↓ $10K
(11.2%) | |
| Price Decreased | |||
| Sep 8, 2023 | Listed by CROSSVIEW REALTY | $89,000 | |
| Listed by CROSSVIEW REALTY | |||
| | |||
|
The survey has this proptery divided into 5 home lots. The first four lots are 1+ acres each totalling 4.133 acres. They are located on a dirt road but the area is just pristine. There is a home on approximatly one acre then the last lot is on the corner and is 1.368 acres. This property has been cleared years ago so it is not as dense as the other lots. Beautiful area to build a nice home and property to sell later for an investment. Life is moving that way but it will be a safe haven for years to come. Incredible slice of God's creation. Take the time to see this and you'll see a master piece.
| |||
| Nov 25, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017