29
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817 Ridgeway
About This Property
Out back, an above-ground pool and large open pool house create a great space for entertaining, hobbies, a game room, workshop or whatever fits your vision. Electric and water are readily available to connect to the pool house, offering even more possibilities for the space. The owner is currently staining the pool deck for a fresh update to the outdoor area. Multiple RV hookup stations with water provide added flexibility for guests and recreational use. A storage shed and outdoor wood-burning stove complete the property. Whether you're looking for a full-time home or weekend lake getaway, this property offers plenty of possibilities near Lake Buchanan.
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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 |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$199,000
↓ $11K
(5.2%) | |
| Price Decreased | |||
| Sep 12, 2026 | Relisted | $210,000 | |
| Relisted | |||
| Sep 10, 2026 | In contract | - | |
| In contract | |||
| Aug 28, 2026 | Listed by eXp Realty, LLC | $210,000 | |
| Listed by eXp Realty, LLC | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017