107 Prairie Drive
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 |
|---|---|---|---|
| Mar 18, 2022 | Sold | ||
| Sold | |||
| Feb 15, 2022 | Listed by Compass RE Texas, LLC | $535,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
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Multiple Offers Received - Owner will be make decision by 7pm 2-17-22. TURN-KEY Converted Shipping Container - Used as a vacation rental (Airbnb, VRBO)! $80k in gross revenue within the last 12 months. This home is unlike anything on the lake and ready for its next owners! Featured in D-Magazine for one of the best vacation escapes close to Dallas (1 hr. away!). Ready for remote management - Nest thermostats, wireless cameras, smart locks, etc. ALL FURNITURE TO CONVEY with a strong offer! What you see if what you get. With permission, the owner will let you list it on rental sites in advance to help with bills. 2021 - Brand new roof ($15k - commercial grade), New electrical box, and all new hvac vents.
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| Oct 7, 2021 | No longer available | - | |
| No longer available | |||
| Sep 2, 2020 | Sold | ||
| Sold | |||
| Aug 16, 2020 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017