23 Pinehurst Road
About This Property
Welcome to 23 Pinehurst Road located in the highly sought after Colonie School District! This unique property is a single-family home with an in-law apartment / suite attached and features Central AC, new vinyl flooring, new stainless-steel appliances, fresh paint throughout, newer kitchen cabinets with beautiful quartz countertops and oversized peninsula in one unit. The in law apartment features an updated kitchen, dining room, living room with fireplace, bathroom and bedroom. The main house features a dining area, living room, bonus room, laundry room as well as 1 bedroom and 2 bathrooms. A nice backyard also awaits to have a relaxing time with friends and family! Rent out one or both units to pay the mortgage! Low taxes!
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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