201 Peggys TRL
About This Property
The lot currently includes a manufactured home that is likely best suited as a teardown, making this a fantastic opportunity for buyers looking to build a custom home, invest, or create their own private retreat. With septic already in place and no HOA restrictions, the possibilities are wide open.
Enjoy the freedom of spacious acreage, peaceful surroundings, and easy access to nearby city amenities. Whether you're looking to build now or hold as an investment, this property offers endless potential in a rapidly growing area. Seller is open to removing the modular home for the buyer with a strong offer!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2026 | Price Decreased |
$230,000
↓ $10K
(4.2%) | |
| Price Decreased | |||
| Mar 12, 2026 | Listed by MODUS Real Estate | $240,000 | |
| Listed by MODUS Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017