5405 Pinebark LANE
About This Property
COMPLETED THEY CAME AND BOUGHT THE FURNITURE SPECIFICALLY FOR THEIR NEW HOME WHICH THEY HAVE USED EACH YEAR FOR ONLY 6 WEEKS EACH YEAR COMING ALL THE WAY FROM SWITZERLAND. THEY HAVE NEVER RENTED THEIR HOME AND HAVE CONSISTENTLY MAINTAINED IT . IT SHOWS CLEAN AND BRIGHT AND IS PRICED RIGHT. IMAGINE IT IS ON OVER A 1/4 OF AN ACRE, HAS
A SCREENED IN SWIMMING POOL WITH COOL DECKING AND AN OUTDOOR KITCHEN. THE EXTERIOR HEDGES ALONG THE BACK HAVE LIGHTING AND SHINE BEAUTIFULLY AT NIGHT AS YOU SIT OUT HAVING A NIGHT CAP WITH THE FAMILY AND FRIENDS AFTER A BBQ. THE TILE ROOF WAS REPLACED 8 YEARS AGO AND IT HAS A 35 YEAR LIFESPAN, THE HOME HAS NEVER FLOODED, NEVER HAD TERMITES, IS ON PUBLIC SEWER AND WATER, THERE HAVE BEEN NO SINK HOLES, IT WAS ORIGINALLY BUILT BY ARTHUR RUTENBERG, AND THE SELLER IS FROM SWITZERLAND SO THE BUYER MUST SIGN A FIRPTA ADDENDUM WHICH MEANS THE SELLER WILL HAVE TO HAVE THE TITLE COMPANY HOLD BACK 15% OF HIS PROFIT ON THE HOUSE SALE TO SEND TO THE IRS GOVERNMENT DO NOT MISS THIS OPPORTUNITY TO BUY THIS HOME AND PUT YOUR TOUCHES TO THIS HOME. YOU CAN AFFORD TO DO IT AT THIS ASKING PRICE. THE BONES ARE HERE AND IT IS ALL COSMETIC, NOW. CLOSE TO ALL THE SADDLEBROOK AMENITIES, WIREGRASS SHOPS, THE GROVE, KRATE SHOPS, ADVENT HOSPITAL, I275/75 INTERSTATE AND ALL THE RESTAURANTS, AUTO DEALERSHIPS, BEACHES, ENTERTAINMENT PARKS, THEATERS, YOU COULD THINK OF GOING TO. DO NOT WAIT, THIS IS THE HOME YOU HAVE BEEN HOPING WOULD COME ON THE MARKET. SELLERS HOPE TO CLOSE IN 2023 IN MAY WITH A LEASEBACK.
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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, 2023 | Sold | ||
| Sold | |||
| Nov 21, 2022 | Listed by CENTURY 21 BILL NYE REALTY | $625,000 | |
| Listed by CENTURY 21 BILL NYE REALTY | |||
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About Fairway Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017