71 Pegs Lane
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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%.
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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 |
|---|---|---|---|
| Jul 18, 2024 | Sold | ||
| Sold | |||
| May 10, 2024 | In contract | - | |
| In contract | |||
| Mar 17, 2024 | Listed by Signature Premier Properties | $469,999 | |
| Listed by Signature Premier Properties | |||
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Welcome to this charming renovated ranch home in Riverhead, offering an array of desirable features and a prime location. As you come inside you'll discover gleaming hardwood floors that flow seamlessly throughout the home, creating an inviting and warm ambiance. Complete with two generously sized bedrooms, one full bathroom, and a layout providing ample space for rest and relaxation. An upgraded kitchen, adorned with granite countertops that offer both beauty and functionality. Updated vinyl siding and windows enhance the exterior's appeal and energy efficiency. The roof and gutter guards, updated in 2023, provide peace of mind and contribute to the home's overall maintenance. This turnkey residence boasts remarkably low taxes of approx $4,462.50 BEFORE STAR, making it a great investment opportunity or an ideal choice for a first-time homebuyer. The full unfinished basement offers potential for customization and additional living space to suit your needs. Situated close to downtown Riverhead, you'll have easy access to shopping, dining, and entertainment options. The expansive backyard, backing to the serene David Sarnoff preserve, provides a private retreat where you can unwind and enjoy nature's beauty. For beach enthusiasts, the close proximity to Southampton's beautiful beaches is a definite bonus, offering endless opportunities for leisure and relaxation by the shore. Don't miss out on the chance to make this your own slice of paradise-Won't last long!
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| Apr 12, 1995 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017