12240 Pecan Forest Drive
About This Property
materials and attention to detail. Recent renovations include kitchen with Bentwood cabinets, exotic marble countertops and new islands, new appliances, hardwood flooring throughout the kitchen and great room, bar with new cabinets and gorgeous countertop, new laundry room with flooring inlaid with mother of pearl, new cabinets, and refrigerator. Also new are two backup generators, six ac units, and new Lutron system. The entire house has been freshly painted & exudes comfort with an elegant feel! Multiple balconies & terraces provide a stunning view of the zero-edge pool, landscaped grounds and cabana. Elevator, exercise room, billiards room & wine cellar are just a few of the many amenities!
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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%.
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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 |
|---|---|---|---|
| Nov 7, 2022 | Sold | ||
| Sold | |||
| Aug 5, 2022 | Listed by Dave Perry Miller Real Estate | $6,650,000 | |
| Listed by Dave Perry Miller Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017