2908 Panhandle Drive
About This Property
The kitchen features stainless steel appliances, and vinyl flooring. The kitchen opens to the breakfast area and living room, supporting both everyday use and gatherings. The open floor plan allows for efficient use of space and natural flow between living areas.
The backyard is enclosed with a privacy fence and includes a covered patio, providing a defined outdoor area suitable for relaxation or outdoor use. The property includes a 2-car garage.
Community amenities include a swimming pool, walking trails, and shared outdoor spaces. Commuter access is available via I-20, with shopping, dining, and entertainment options located nearby.
This home presents an opportunity for buyers seeking a residence within an established, amenity-oriented community.
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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 |
|---|---|---|---|
| May 26, 2026 | Sold | ||
| Sold | |||
| Mar 29, 2026 | In contract | - | |
| In contract | |||
| Mar 21, 2026 | Price Decreased |
$260,000
↓ $5K
(1.9%) | |
| Price Decreased | |||
| Mar 2, 2026 | Listed by Exit Realty Pro | $265,000 | |
| Listed by Exit Realty Pro | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017