8127 Caroline Ridge Drive
About This Property
This stunning David Weekley Certified Green Home offers comfort, space, and quality upgrades throughout. The home backs to open green space, creating a rare and peaceful park-like setting right in your backyard.
The open kitchen flows seamlessly into the living area, with a cozy breakfast nook and a flexible formal dining or sitting area nearby-ideal for both everyday living and entertaining. The primary suite and office are conveniently located on the first floor. Upstairs you'll find 4 additional bedrooms, a large media room, and a spacious second living room or a game room. Quality craftsmanship shines with hand-scraped hickory hardwood floors, full brick and stone exterior (no siding), 4x6 construction, and an oversized back patio perfect for relaxing or hosting gatherings. Room sizes are approximate and should be verified. Owner/Broker.
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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 |
|---|---|---|---|
| Jan 7, 2026 | Sold | ||
| Sold | |||
| Dec 12, 2025 | In contract | - | |
| In contract | |||
| Dec 4, 2025 | Price Decreased |
$475,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Oct 31, 2025 | Price Decreased |
$479,000
↓ $6K
(1.2%) | |
| Price Decreased | |||
| Oct 15, 2025 | Price Decreased |
$485,000
↓ $10K
(2%) | |
| Price Decreased | |||
Property Highlights
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About Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017