7695 Pine Tree Way
About This Property
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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 |
|---|---|---|---|
| Nov 26, 2024 | Sold | ||
| Sold | |||
| Nov 1, 2024 | In contract | - | |
| In contract | |||
| Oct 25, 2024 | Listed by Better Homes & Gardens Real Estate: BEST LIFE | $899,000 | |
| Listed by Better Homes & Gardens Real Estate: BEST LIFE | |||
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Everybody wants a lot zoned Duplex for multigenerational living needs or the ability to rent out the two houses (each 3 bedrooms 1 bath) only attached by each 1 car garage. Owner used as a rental for a long time. This is truly a unique property on a private road in North Monterey County. Each house has been thoughtfully updated with modern appliances, some granite countertops, lighting, fresh painting, carpeting, hardwood floors, double pane windows/ blinds, & newer roof. Full bathroom in each house w/nice tile work & vanity tops. Great privacy fencing divided by each home w/cement patio for entertaining or relaxing & large yards w/mature landscaping - fruit tree & vegetables. New $4,500 retaining wall was just put in. Large, wide cement driveway for additional parking, separate electric & water meters ,2 septic tanks w/own leach field. Own locked mailbox too! Front property w/open fenced pasture for your horse. Great commute location. This property offers comfort, convivence, and investment potential (rent one and live in the other - Move In Ready). What more could you ask for?
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017