5
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0 Merula Lane
About This Property
Lake Malone!! Beautiful 1.16 +/- acre building lot located at Lake Malone in Deep Water Estates. This lot is partially wooded and sits on the corner of Merula Lane and Barney Road. Lake Malone is a 788 +/- acre Kentucky lake located in Logan, Muhlenberg and Todd Counties. Considered a hidden gem, this lake is one of the most scenic lakes in the state of Kentucky. The lake is accessible year round and features so many amenities including hiking, fishing, water sports and camping. Lake Malone features a state park, hiking trails, coves, and beautiful views of bluffs and hardwood forests. This area is perfect for a vacation getaway or a permanent lake home!
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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 |
|---|---|---|---|
| Jun 24, 2026 | Listed by RE/MAX Preferred & Auction | $15,000 | |
| Listed by RE/MAX Preferred & Auction | |||
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About Muhlenberg
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Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3248170
Brokerage email: [email protected]
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017