This single-family house is located on almost half an acre in the
highly desirable Pine Tree Golf Club area, with mature landscaping
surrounding it. The property offers 2,434 square feet of living
space, including a large kitchen, three bedrooms with walk-in
closets, three full bathrooms, a dining room, a living room, a
large family room, and a two-car garage. It features two-zone air
conditioning, two-zone water heaters, and plenty of storage space.
Outside, you can enjoy the in-ground pool with a Diamond Brite
finish, relax on the Sundek patio (resurfaced '21), or spend time
in the gazebo-ideal for hosting guests. The roof was replaced in
2014, and a long circular driveway provides ample parking for
visitors. Pine Tree has a manned gate 24 hours a day.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017