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2857 Pennington Place
About This Property
The home has been thoughtfully refreshed with brand-new luxury vinyl plank flooring throughout, fresh interior paint, new kitchen cabinets, quartz countertops, and a full suite of new kitchen appliances, including a refrigerator, dishwasher, and microwave. Major updates have already been completed, including the roof, hot water heater, and HVAC system, all of which are only a few years old. Several windows have also been replaced, along with a new garage entry door and sliding glass door.
Step outside to enjoy the private, fully fenced backyard featuring a spacious 20' x 15' paver patio. With plenty of room for outdoor dining, entertaining, or simply relaxing, the patio includes a shaded area that creates a comfortable retreat year-round. Clean, well-maintained, and move-in ready, this home combines modern updates, generous outdoor space, and a convenient location close to shopping, dining, schools, parks, and major roadways.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 31, 2026 | Sold | ||
| Sold | |||
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| Jun 15, 2026 | Price Decreased |
$299,000
↓ $999
(0.3%) | |
| Price Decreased | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Listed by EXP Realty, LLC | $299,999 | |
| Listed by EXP Realty, LLC | |||
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About Living Homes Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017