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3 Pheasant Lane
About This Property
3 Pheasant Lane is a bright, happy home. As you step into the foyer, you'll immediately notice the open, airy living spaces and oversized windows. These features bring the beauty of nature inside, as sunlight pours in and reflects off new wood floors. The large eat-in kitchen, with new Thermador appliances, opens to a generous family room with a wood-burning fireplace. The flow just makes sense. One level up, there are three bedrooms, including an ensuite, while the primary suite is tucked away on its own private level, offering a quiet and peaceful retreat. The remodeled lower level includes a full bath and direct access to the backyard, making it ideal for a home office, guest suite, gym, or a space for fun and games.
Outside, the experience continues with a large deck, tennis court, and a fully fenced backyard. The property is its own oasis, and the private beach an extension of that. Located within the highly regarded Cold Spring Harbor schools, this home is the total package. Additional features include a full-house generator, central air (2016), new heating oil tank, and a new roof (2018).
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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