3226 Pheasant Drive
About This Property
The large primary suite is a true retreat, featuring separate vanities, and walk-in closets. The guest bathroom has been refreshed with a new vanity and countertop, while upgraded windows enhance energy efficiency and natural light throughout the home.
Outside, you'll appreciate the attention to detail with new Bermuda sod in the backyard, low-maintenance xeriscaped front garden landscaping, and upgraded front and rear sprinkler systems. Seamless gutters on the west and north sides add durability and curb appeal, and updated exterior lighting highlights the home beautifully. A 2-car garage and classic brick exterior complete this move-in-ready property.
With numerous improvements, including a new roof, and a functional layout, this home offers easy living in a desirable location-ready for its next owner to enjoy.
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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.
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About Chimney Rock Area
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017