11298 Cedar Drive
About This Property
GORGEOUS 2023 NEW CONSTRUCTION!!! The GENESIS Floor plan is a traditional modern ranch lake home with exquisite brick and stone work and everything you need to live comfortably, with high end finishes and only two short blocks from Cedar Creek Lake. This jewel of a home is nestled in the up and coming lake home community of Cedar Branch Park. It boasts, gorgeous custom cabinets, beautiful white quartz with gray veining counter tops through the home, a spectacular covered patio for entertainment, a wonderful split bedroom concept for privacy and a spacious open floor concept just perfect for entertaining guest or your own private enjoyment! The community allows members access to the private boat slip, and picnic area with has gorgeous views of the lake, perfect for fishing in the peace and quite or taking off in your boats and jet skis for incredible summer fun! One of the Sellers is a licensed real estate agent in Texas.
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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 |
|---|---|---|---|
| Dec 19, 2025 | Sold | ||
| Sold | |||
| Nov 28, 2025 | In contract | - | |
| In contract | |||
| Oct 21, 2025 | Relisted | $284,000 | |
| Relisted | |||
| Oct 10, 2025 | In contract | - | |
| In contract | |||
| Aug 16, 2025 | Listed by Ebby Halliday Realtors | $284,000 | |
| Listed by Ebby Halliday Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017