7418 Ridgeberry Drive
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 |
|---|---|---|---|
| Nov 27, 2020 | Sold | ||
| Sold | |||
| Oct 16, 2020 | Listed by RE/MAX Compass | $174,900 | |
| Listed by RE/MAX Compass | |||
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Charming well maintained and cared for home in highly desired Cy-Fair ISD in Sommerall community This four bedroom beauty offers, open design, soaring ceilings, walls of windows, white and bright kitchen with tumbled marble back splash, deep sink, updated fixtures and faucets, granite counter tops, stainless appliances, ceramic tile throughout (no carpet), large master bedroom and in suite bath, three spacious guest rooms and an additional full bath. Large yard with hughe patio and storage shed. Make this one a top priority!
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About Sommerall
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017