304 Pheasant Meadow MDW
About This Property
Upgrades & Improvements (last 2 years)
*Generac whole-house generator with 1,000 lb propane tank
*New cabana
*New landscaping
*Dog fence around casita
*Backyard fully fenced
*Vehicle-access gate to backyard
*Seven fruit trees (cherry, pear, plum, pomegranate, etc.)
*New roof on main home and casita
*Stone arch in casita
*Two water heaters in main home; new water heater in casita
*Gutters on casita
*HVAC coil and motor replacement
*Septic masher
*Movie room projector (high-end)
*500-gallon water catchment tank
*Electronic keypad deadbolt locks; reinforced doors and locks
*Yard lights
*Doberman Security 100 dB vibration detector window alarms
*Ring doorbell and Blink cameras
*Garage door insulation
Total upgrades and improvements: $115,153.00
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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 |
|---|---|---|---|
| Jun 25, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Price Decreased |
$877,500
↓ $12K
(1.4%) | |
| Price Decreased | |||
| May 23, 2026 | Price Decreased |
$889,900
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Mar 30, 2026 | Price Decreased |
$899,900
↓ $15K
(1.6%) | |
| Price Decreased | |||
| Mar 4, 2026 | Listed by All City Real Estate Ltd. Co | $914,900 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017