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44 PENNYPACKER LANE
About This Property
The European-style kitchen is the centerpiece of the home, with imported cabinetry, quartz countertops and a breakfast bar. Bosch stainless steel appliances include a cooktop, wall oven, dishwasher and refrigerator. A Miele vent hood and built-in microwave complete this thoughtfully designed space. Vaulted ceilings add an airy feel, while Italian porcelain tile and laminate flooring run throughout-no carpet.
Step through the Pella sliding doors onto the tiled, screened porch and take in the lush garden beyond. Mature landscaping, ornamental fruit trees and a full vinyl fence create an inviting setting for outdoor living. Inside, you'll also find updated bathrooms, built-in shelving and a dedicated home office area. The washer and dryer convey.
The care given to this home extends to its practical features: the roof was replaced in 2017 and the A/C in 2019. The property also has well irrigation with a new Rain Bird sprinkler controller and a French drain system that directs gutter water around the home. Hurricane shutters and an impact resistant sliding door provide additional peace of mind. From the spotless interior to the remarkable backyard, 44 Pennypacker Lane is ready to welcome its next owner. Schedule your showing and see it for yourself!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017