172 Pedernales Drive
About This Property
Step inside to a bright, open living space highlighted by vaulted ceilings and large windows that fill the home with natural light, creating an inviting and airy feel from the moment you enter. The layout flows seamlessly into the dining area and kitchen, making it ideal for both daily living and entertaining.
The fully updated kitchen stands out with ceiling-height white cabinetry, premium quartz countertops, a clean white subway tile backsplash, recessed lighting, and a large basin stainless steel sink with an updated black faucet. Gold hardware adds a modern touch, while the full suite of stainless steel appliances--including a new oven, microwave, and dishwasher--completes the space. A dedicated pantry provides additional storage and functionality.
The primary suite offers a comfortable retreat with vaulted ceilings, abundant natural light, a spacious walk-in closet, and an updated en-suite bathroom featuring new tile flooring, modern fixtures, and a sleek new shower door. Secondary bedrooms are generously sized, with one also featuring vaulted ceilings, making them flexible for guests, family, or a home office.
Additional upgrades include luxury vinyl plank flooring throughout the main living areas, updated lighting including a dining chandelier, new gutters, and a 2022 HVAC system. A separate laundry area with a new washer and dryer adds everyday convenience.
Outside, enjoy the space and freedom of a large 0.8-acre lot with no HOA, along with a two-car garage and extended driveway offering ample parking. The backyard provides a peaceful setting with plenty of room to relax, entertain, or expand.
With strong natural light, vaulted ceilings, a functional layout, and one of the more updated interiors in the area, this move-in ready home delivers a rare blend of space, style, and value at this price point.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017