24 Pegs Lane
About This Property
Discover this amazing Cape-Code move-in-ready 3-bedroom, 2-full bathroom residence perfectly situated in desirable Riverhead. The home boasts a highly sought-after open-concept floor plan, creating the ideal setting for both daily living and effortless entertaining. You'll find gleaming hardwood flooring throughout and an abundance of natural light.
The full basement, offers tremendous potential for storage. Step outside to a generously sized yard and a detached one-car garage. Enjoy the peace of mind that comes with natural gas heating and the significant financial benefit of LOW TAXES! This is the one you've been waiting for.
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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 |
|---|---|---|---|
| Aug 2, 2026 | Price Decreased |
$799,000
↓ $30K
(3.6%) | |
| Price Decreased | |||
| Dec 12, 2025 | Price Decreased |
$829,000
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Oct 24, 2025 | Listed by New Vision Group Realty Inc | $849,000 | |
| Listed by New Vision Group Realty Inc | |||
| Apr 22, 2024 | Sold | ||
| Sold | |||
| Jan 17, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017