259 Pierce Drive
About This Property
Nestled on a beautiful 2.11-acre lot, this stunning brick home offers space, comfort, and convenience to Ringgold. The home features a spacious main living area, including a cozy den with a fireplace, perfect for relaxing evenings with family and friends. With a 2-car attached garage, you'll have plenty of room for parking and storage. One of the standout features of this home is the well-appointed mother-in-law suite, offering privacy and flexibility for extended family, guests, or potential rental income. The expansive yard provides ample space for outdoor activities, gardening, or simply enjoying the peaceful surroundings. Conveniently located close to schools, shopping, and major highways, this property combines the tranquility of country living with easy access to modern amenities. Don't miss out on this rare opportunity-schedule your tour today!
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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