108 Hells Gate Point
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 |
|---|---|---|---|
| Jan 26, 2022 | Sold | ||
| Sold | |||
| Jul 19, 2021 | Listed by MIKE POWELL REAL ESTATE | $1,200,000 | |
| Listed by MIKE POWELL REAL ESTATE | |||
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LOCATION LOCATION LOCATION. The best real estate advice any licensed professional can give you is to always buy the better location. PK's most unique piece of property. Some people know more about Hell's Gate than they do about Possum Kingdom Lake. You have the opportunity to be known as the guy on Hell's Gate. You will be infamous from the start. Everyone will be looking at what you built. You're the guy that everyone envy's. Spoil your family. Give them the best that PK has to offer. The Lot has 505' of shoreline and is over one acre in size. AND the property faces east. You will enjoy the hot summer sun in the shade in the late afternoon. Trust me, you'll love it. You deserve this property.
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| Jan 26, 2021 | No longer available | - | |
| No longer available | |||
| Jul 25, 2020 | Listed | $1,200,000 | |
| Listed | |||
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TEXAS FAMOUS HELLS GATE. Yes the only portion of Hells Gate that is Deeded Property. Only 1 of 1.....don't miss this one! The most Amazing home build sight on the Great Lake Possum Kingdom. 775' of prime shoreline. Unlimited building opportunities. Water, sewer, and electrical power all ready to the property. Steel Fence, Electric Drive Gate, and Large reataing wall installed.
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| Apr 17, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017