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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%.
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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 |
|---|---|---|---|
| Jun 6, 2022 | Sold | ||
| Sold | |||
| Apr 28, 2022 | Listed by eXp Realty, LLC | $699,000 | |
| Listed by eXp Realty, LLC | |||
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Welcome to modern farmhouse living on 2.68 acres in Ridegelake Shores. This ranch style multi-generational home offers plenty of space for your entire family. Featuring a barndominium with game room, loft, two small bedrooms complete with barn doors and rough-in plumbing for private bathroom. Rare oversized guest suite with attached bathroom and separate entrance from driveway for privacy. Plenty of shiplap, barn doors and updates to satisfy your inner Magnolia market desires! Whole house water purifier and new tankless water heater. Enjoy summer nights rocking on the front porch and relaxing in the screened back porch sitting room. Call for your showing today! Check out the video walk through in the link.
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| Dec 2, 2020 | Sold | ||
| Sold | |||
| Mar 26, 2020 | Listed by Abby Realty | $429,000 | |
| Listed by Abby Realty | |||
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Great Updated house on 2.68 acres in the Ridgelake Shores subdivision. Property is heavily wooded and provides wonderful seclusion and privacy. Great open floor plan with large master and huge master bath that is big enough to office out of. Updated kitchen with plenty of space and formal dining area. Second master suite in a split floor plan design that also has an addition. This added space has an amazing kids suite with sliding barn doors, a loft and another bathroom giving the house a third suite type layout. Quiet and shaded sunroom that looks out onto expansive back deck and heavily wooded back yard. Country living but only minutes from grocery stores and restaurants with more coming in the growing Woodforest area, and only 15 minutes from Lake Conroe. This house has tons of charm and well designed spaces.
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About Ridgelake Shores
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$6,500 /mo
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$1,395 /mo
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Last Updated: 4 months ago
Data Source: HAR , MLS# 73863584
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017