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9 PENNYPACKER Lane
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 |
|---|---|---|---|
| May 4, 2024 | Sold | ||
| Sold | |||
| Apr 9, 2024 | In contract | - | |
| In contract | |||
| Apr 8, 2024 | Listed by NON MLS (realMLS) | $440,000 | |
| Listed by NON MLS (realMLS) | |||
| Mar 15, 2024 | Price Decreased |
$439,900
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Feb 8, 2024 | Listed by BRITE REALTY GROUP | $449,900 | |
| Listed by BRITE REALTY GROUP | |||
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Under Construction. Brand New, Energy Efficient, Net-Zero Energy Ready Home! Estimated completion April 2024. This home takes energy efficiency to a whole new level that will significantly reduce your electric bill. Your utility cost savings are estimated at $1,206 per year. Energy Efficient Features: Spray foam insulation and double pane windows that create an airtight seal, LED lighting, energy star appliances, the most energy efficient water heater on the market, insulated ductwork, high performance HVAC units and more. Standard Features: This home has a spacious open floor plan, bonus room, quartz countertops, stainless steel appliances, 42” real wood soft close cabinets, luxury tile plank flooring, 9’4” ceilings with tray ceiling in primary suite, huge walk-in closets, covered lanais, irrigation systems, designer landscaping, and a 10 year structural warranty by Maverick. Optional Solar Panels: We also offer warrantied solar panel systems already installed when you move in, this feature is optional. If you choose to add a solar system, this home will go from energy efficient to energy sufficient. Zero energy homes can produce as much energy as they consume, leaving you with little to no electric bill. With Solar: Your annual utility cost savings increase to an estimated $1,986 per year. Additionally with the Solar Tax Incentive program, you can deduct 30% of the cost of your solar system from your federal income taxes. Based on the average size of our solar systems, that is approximately a $7,000 deduction. *The annual utility savings listed above is based on our third-party verified HERS rating and the average American household energy consumption. The amount you can save in utility costs with or without solar could be higher or lower depending on how much energy you use in your home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017