11121 Pine Lake Road
About This Property
Come check this home Offering all-natural views of Shelp Lake, this 3Bedroom ranch style home with a walkout basement offers a beautiful setting. The home has undergone a complete rehab down to the studs. NEW Roof, NEW Siding, NEW water heater, updated electrical, NEW water softener & Conditioner. The main level features an open floor plan with lots of windows (ALL NEW) providing natural light and access to a back deck. The lower walkout level features another living space and an additional room. 2 car attached garage. Additional lot to the East of home also included.
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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 |
|---|---|---|---|
| Apr 25, 2025 | Sold | ||
| Sold | |||
| Mar 16, 2025 | In contract | - | |
| In contract | |||
| Feb 24, 2025 | Price Decreased |
$230,000
↓ $10K
(4.1%) | |
| Price Decreased | |||
| Jan 21, 2025 | Price Decreased |
$239,900
↓ $10K
(4%) | |
| Price Decreased | |||
| Dec 12, 2024 | Listed by eXp Realty LLC | $249,900 | |
| Listed by eXp Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017