1040 Waters Edge Drive
About This Property
Bay contains 23 two-acre lots inside an exclusive gated community. Located along the shoreline of Lake Ray Roberts in
Sanger, you are just across the street from the local marina and public boat launch! Come and pick out your custom
homesite for your dream home before they are all sold! Lot 9 is on the largest peninsula on the property, which places you on a quiet culdesac with sweeping view of the lake! Sale was combined with Lot 10 next door, for a 4-acre estate!
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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 25, 2026 | Sold | ||
| Sold | |||
| Jul 13, 2026 | In contract | - | |
| In contract | |||
| May 13, 2026 | Listed by Beycome Brokerage Realty LLC | $699,000 | |
| Listed by Beycome Brokerage Realty LLC | |||
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Last Updated: 2 months ago
Data Source: NTREIS MLS, MLS# 21269745
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017