720 Ridge Rd
About This Property
Looking for a serene setting with ample room to explore? Check out this sprawling 60-acre property with a 3 bedroom/2 bath modular home. Nestled away for privacy, yet conveniently located near local amenities and highway acccess. This property is the perfect location without sacrificing accessibility. Enjoy the versatile 20 X 60 outbuilding complete with electricity and a concrete floor. Additionally, RV parking with water and electricity hook-ups is available. Don't miss this great property. Schedule your showing today!
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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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Aug 6, 2024 | Price Decreased |
$225,000
↓ $30K
(11.8%) | |
| Price Decreased | |||
| Feb 23, 2024 | Listed by Keller Williams Integrity Real Estate LLC | $255,000 | |
| Listed by Keller Williams Integrity Real Estate LLC | |||
| Dec 11, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017