1040 Palomino Trail
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 |
|---|---|---|---|
| Sep 29, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Apr 22, 2025 | Listed by Century 21 Mike Bowman, Inc. | $695,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
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RARE cliff line lot located in the coveted Ranch community on Possum Kingdom Lake. This is the perfect opportunity to bring your builder and build your dream lake house on this amazing cliff side lot overlooking one of PK's main channels! Owning property in the ranch allows you access to their 1000 acres of common area, skeet shooting range, resort style lake front pool, boat ramp, day docks access, stable use, sports complex and MORE!
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| May 7, 2024 | Sold | ||
| Sold | |||
| Jan 24, 2024 | Listed by Briggs Freeman Sotheby's Int'l | $650,000 | |
| Listed by Briggs Freeman Sotheby's Int'l | |||
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Gorgeous views from sunrise to sunset on this stunning 1+ acre waterfront lot in the prestigious subdivision of The Ranch at Possum Kingdom Lake. This lot sits on some of Possum Kingdoms most iconic cliff lines. Build your dream home on the spacious lot and enjoy the picturesque views of the main channel of Possum Kingdom Lake. Imagine an infinity pool overlooking the lake and watching some of the most beautiful breath taking Texas sunsets from your own backyard. Exceptional amenities offer owners access to over 1100 acres of common area for those ATV-UTV explorations, skeet shooting range, sports complex with tennis courts, volleyball, jogging path, bike path, walking trails, equestrian center, riding trails, stables, marina and home of the famous million dollar swimming pool. Subdivision also offers community dock, fishing, boat ramp & more! You will fall in love with The Ranch as soon as you drive through and see the amazing views, amenities and beautiful water features throughout!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017