892 TIMBER RIDGE DRIVE
About This Property
This well-located rancher offers excellent potential and sits on a generous 0.4-acre lot. Featuring 3 bedrooms, 2 full bathrooms, 1 half bath, and a 2-car garage, it's a perfect opportunity for buyers looking to add their personal touch.
The updated kitchen includes stainless steel appliances, and the large backyard is ideal for outdoor enjoyment with a vegetable garden and screened-in patio perfect for barbecues.
Additional features include:
Two heating systems: electric and oil.
Huge finished basement rec room with fireplace.
Sold as-is – ideal for buyers looking to customize and add value.
Owned by retirees, this home is full of charm but needs updates. And waiting for its next chapter!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 13, 2025 | Sold | ||
| Sold | |||
| Jul 11, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Relisted | $415,000 | |
| Relisted | |||
| Jun 30, 2025 | In contract | - | |
| In contract | |||
| Jun 14, 2025 | Listed by Top Pro Realtors | $415,000 | |
| Listed by Top Pro Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017