7843 Ridgewood Drive
About This Property
Large capacity fridge. Convection oven/range, back and side fenced in lot, with 4 gates. Pavers at front entrance. Large patio great for relaxing or entertaining. Vine trellis at corner of large patio. Small slab for parking small boat side of house (must be covered per association rules). Landscape includes leeche fruit tree, jasmine, pony tail palm, several palm trees, several Hawaiians/fange panges, gumbo limbo tree, and various blooming shrubs. There are accordion hurricane shutters and the garage has door braces. Make this your new home today.
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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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About Countrywood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017