73 Panamoka Trail
About This Property
Although the home offers a compact 451 square feet of interior space, the thoughtfully improved property provides plenty of room to relax, entertain, garden, or potentially expand. Over the past 13 years, the owner has added central air conditioning, an electric fireplace, and rustic painted wood-plank flooring that gives the living room a warm, cottage-inspired feel.
The eat-in kitchen features oak cabinetry, a gas stove, refrigerator, and sliding glass doors leading to an impressive backyard retreat. Enjoy a spacious rear deck with an outdoor kitchen, outdoor shower, firepit area, and mature, meticulously maintained landscaping. Additional features include an updated bathroom, bay window, updated electrical service, and cesspools.
Perfect for buyers seeking an affordable starter home, weekend retreat, downsizing opportunity, or low-maintenance year-round residence near the natural beauty of Lake Panamoka. Conveniently located in Ridge within the Longwood Central School District, with access to nearby shopping, dining, parks, beaches, and major roadways.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017