16005 PENNANT LANE
About This Property
Perched on a gentle hill, the home offers charming curb appeal, mature landscaping, a deep, welcoming front porch, off-street parking, and an oversized two-car garage. A tucked-away workspace alcove provides the perfect spot for hobbies, projects, or storage.
Inside, natural light pours through a wall of windows in the inviting living room. The beautifully renovated kitchen shines with white soft-close cabinetry, granite countertops, and abundant sunlight. A spacious laundry room off the garage entry could easily double as a convenient arrival center.
Each level features two bedrooms and an updated full bath, offering flexible living arrangements. The upstairs primary bedroom includes a walk-in closet. This level has newer carpeting for added comfort.
This home checks all the boxes - schedule your showing soon!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017