37 Princess Gate Drive
About This Property
fireplace with owned propane tank is currently being connected, with completion expected by March 10. Ideally positioned just before the cul-de-sac, which features a town-maintained park at the end of a quiet, low-traffic street. The property also boasts a private, wooded backyard creating a serene and highly desirable setting. Enjoy resident-only access to Whispering Pines lakes for swimming, fishing, and boating, along with nearby parks, walking trails, and basketball court. Additional peace of mind comes from a recently pumped septic system and new LG dishwasher (2026), ensuring this home is truly ready for its next owners. Don't wait - homes like this don't last long in the Village of Whispering Pines!
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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