8316 PIGEON FORK LANE
About This Property
The upper level includes a primary bedroom with vaulted ceilings, walk-in closet, and ensuite bath, along with two additional bedrooms and a full bath in the hallway. The fully finished walk-out basement offers a bright rec room with wood-burning fireplace, a half bath, and storage/utility room. The Basement walks out to a newly finished second deck that adds even more space to entertain.
Recent updates include newer HVAC, hot water heater, roof, fresh paint, and updated flooring. Community amenities include pools, trails, playgrounds, tennis courts, volleyball courts, and a community center. Convenient location with access to shopping, dining, and major commuter routes. Move-in ready and well cared for. See photos for pictures of the awesome amenities the Russett Community has to offer!
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017