86 Snowberry Lane
About This Property
This 3-bedroom, 2.5-bath home could use a bit of sprucing up, but it already has great updates! Enjoy new flooring on the entire first level and an updated kitchen with stainless steel appliances. You'll love the neighborhood's private pool and charming pond--great for relaxing or fishing on a sunny day. With Flowers Plantation and Downtown Smithfield only 10 minutes away, and Raleigh just a 30-minute drive, this home gives you the perfect mix of cozy small-town living and easy city access.
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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 |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Feb 16, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | Price Decreased |
$255,000
↓ $4K
(1.5%) | |
| Price Decreased | |||
| Feb 6, 2026 | Price Decreased |
$259,000
↓ $10K
(3.7%) | |
| Price Decreased | |||
| Jan 20, 2026 | Price Increased |
$269,000
↑ $87K
(47.8%) | |
| Price Increased | |||
Property Highlights
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About Tralee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017