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6602 Fallengate Drive
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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 |
|---|---|---|---|
| Oct 2, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 29, 2026 | Listed by Corcoran Genesis | $230,000 | |
| Listed by Corcoran Genesis | |||
| Aug 29, 2026 | Price Decreased |
$230,000
↓ $10K
(4.2%) | |
| Price Decreased | |||
| Aug 19, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 18, 2026 | Listed by Corcoran Genesis | $240,000 | |
| Listed by Corcoran Genesis | |||
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Welcome home to 6602 Fallengate Drive, situated on a spacious corner lot in the Greengate Place community! This beautifully renovated home offers 3 bedrooms, 2 full baths, and a 2-car attached garage. Step inside to an open-concept layout where timeless charm blends seamlessly with modern finishes. The inviting living and dining areas showcase custom built-ins that add character and functionality, a striking corner brick fireplace, luxury vinyl plank flooring, and large windows that fill the home with natural light. The updated kitchen features white shaker cabinetry, granite countertops, stainless steel appliances, double oven, and ample prep space. Unwind in the spacious primary suite with a spa-inspired walk-in shower, granite vanity, and walk-in closet. Relax year-round on the screened-in porch overlooking the low-maintenance backyard. Conveniently located near Beltway 8, I-45, shopping, dining, parks, and entertainment, this home offers exceptional style and everyday convenience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017