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8804 Ridgehill DR
About This Property
Set on a flat .239-acre lot, the outdoor space features a private pool area with a cabana, providing the perfect setting for relaxation and hosting gatherings. The eco-friendly, low-maintenance yard is xeriscaped with turf grass, custom landscape lighting, and showcases a stunning centuries-old oak tree. With no interior steps and a two-car garage, this home combines style, comfort, and convenience in an unbeatable location.
Additionally, this property feeds into award-winning schools: Hill Elementary, Murchison Middle School, and Anderson High School.
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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 6, 2024 | In contract | - | |
| In contract | |||
| Oct 31, 2024 | Listed by Douglas Elliman Real Estate | $1,095,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017