8906 Ridgecrest 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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | In contract | - | |
| In contract | |||
| Jun 5, 2024 | Listed by Top Guns Realty on Lake Conroe | $300,000 | |
| Listed by Top Guns Realty on Lake Conroe | |||
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Spacious 1.5-acre property with two homes & endless opportunities! Perfect for multi-generational living or rental income. The main home features 3 bedrooms, 2 baths, a very functional floor plan with a huge living room providing plenty of space for entertaining or relaxing with family. When you walk outside you are greeted with a covered back patio to enjoy the peace and quiet. Additionally, this property boasts a guest home that is 500 sq. ft. with 1 bedroom & 1 bathroom. It has a comfortable front porch for sunset views, a living area, kitchen/dining combo, large bedroom with walk-in closet & ensuite bath, 2 AC units, a hot water heater & refrigerator. The property has 2 Septic Systems, one for each residence, a storage shed, & a barn/workshop. There is plenty of room to park your boat or RV with a separate driveway entrance. The ample outdoor space offers a great environment for gardening, outdoor activities, entertaining or simply enjoying nature. Don't miss out on this rare find!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017