104 Raindrop LN
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 |
|---|---|---|---|
| Jul 22, 2026 | In contract | - | |
| In contract | |||
| May 28, 2026 | Price Decreased |
$1,920,000
↓ $79K
(4%) | |
| Price Decreased | |||
| Apr 1, 2026 | Listed by Lake It Easy Realty, LLC | $1,999,000 | |
| Listed by Lake It Easy Realty, LLC | |||
| Dec 16, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Sep 19, 2025 | Listed by Lake It Easy Realty, LLC | $2,200,000 | |
| Listed by Lake It Easy Realty, LLC | |||
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This stunning property boasts 82 feet of open water frontage, offering unobstructed views of Lake LBJ and the picturesque Hill Country, including Pack Saddle Mountain. Upon entering, you are greeted by breathtaking vistas through floor-to-ceiling windows in both the living room and primary bedroom.
Recently renovated and exquisitely furnished, this residence features a spacious layout with four bedrooms and four full bathrooms within the 3,100 square foot main house, complemented by an impressive bunkroom/game room ideal for children. The 2022 renovations include a newly constructed 720 square foot casita apartment, complete with a full kitchen, bathroom, and office area, all showcasing spectacular views of the lake. Both the main house and casita received a new metal roof during this renovation.
The property is equipped with a comprehensive sound system throughout, enhancing both indoor and outdoor experiences. A boat slip with a hydraulic lift and two ramps for wave runners adds to the convenience of lake living. Ample outdoor spaces provide perfect settings for entertaining family and friends.
Short-term rentals are permitted, and furnishings are negotiable. Don’t miss this opportunity to experience the ultimate lake lifestyle on Lake LBJ. With its exceptional views, beautiful renovations, and spacious design, this property represents one of the best values on the market. Come and discover your dream lake home today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017