8811 Pheasant Drive
About This Property
Step inside to an inviting living space featuring a wood-burning fireplace, ideal for cozy evenings. The beautiful kitchen is a standout with Corian countertops, ample cabinetry, and natural light pouring in-perfect for both everyday living and entertaining. Enjoy the ease of a 2-car side-entry garage with built in workbench. Whether you're relaxing in the huge backyard or going to fish Lake Palestine, this home offers the lifestyle you've been looking for. Don't miss your chance to own this little gem!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 8, 2025 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jul 25, 2025 | Price Decreased |
$252,000
↓ $5K
(2%) | |
| Price Decreased | |||
| Jun 3, 2025 | Price Decreased |
$257,000
↓ $8K
(3%) | |
| Price Decreased | |||
| May 14, 2025 | Listed by Better Homes and Gardens | $265,000 | |
| Listed by Better Homes and Gardens | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017