4 Pinecrest Drive
About This Property
Nestled on a spacious wooded lot in a tranquil setting, this charming ranch-style home presents an incredible opportunity for those with a vison for renovation and customization. This property offers the promise of transforming into your dream retreat. This description highlights the property's potential while being honest about its current condition, encouraging prospective buyers who are looking for a renovation project.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 12, 2024 | Sold | ||
| Sold | |||
| Oct 27, 2023 | In contract | - | |
| In contract | |||
| Oct 22, 2023 | Listed by Coldwell Banker Flanagan Rlty | $300,000 | |
| Listed by Coldwell Banker Flanagan Rlty | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Ocean
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017