109 LAKE IDA POINT Drive
About This Property
The layout is simple, functional, and easy to work with, making renovations feel doable without breaking the budget. Whether you're hunting for your next flip, a rental to add to your portfolio, or an affordable starter you can make your own over time, this one checks the boxes.
Bring your vision -- with the right updates, this one has all the potential to turn into something really solid.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Apr 11, 2026 | Price Decreased |
$65,000
↓ $10K
(13.3%) | |
| Price Decreased | |||
| Apr 6, 2026 | Price Decreased |
$75,000
↓ $10K
(11.8%) | |
| Price Decreased | |||
| Jan 20, 2026 | Listed by TIMBER TO TIDES REALTY LLC | $85,000 | |
| Listed by TIMBER TO TIDES REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017