1185 Hwy 2861
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 |
|---|---|---|---|
| Jun 9, 2022 | Sold | ||
| Sold | |||
| Apr 12, 2022 | Listed by Hoyt Real Estate | $179,000 | |
| Listed by Hoyt Real Estate | |||
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Leisure Time definitely describes this property. It comes turnkey ready for fun. This fully furnished log cabin, located directly across from Copperas Creek Park at Proctor Lake, is ready for its next owner. There is central heat and air and has laminate flooring, Cable TV Available, Underground Utilities, Asphalt, All Weather Road, Co-op Water. This one bedroom with a loft area for another bed and one bath is currently being used as a successful and active Airbnb making this a great investment property instantaneously for years to come. If you are looking for an amazing vacation home by the lake or would like to continue it as an Airbnb, please come out and take a look.
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| Nov 14, 2021 | No longer available | - | |
| No longer available | |||
| Jun 8, 2021 | Listed by STEPHENS RANCH HAND REAL EST-EARLY | $175,000 | |
| Listed by STEPHENS RANCH HAND REAL EST-EARLY | |||
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Charming Log Cabin fully furnished on 3 lots and located across from Copperas Creek Park at Proctor Lake. The home is 1 bedroom 1 bath, 2 fireplaces, laminate flooring, stainless appliances, loft, eat in bar, and more. The land has a park like setting with huge trees and large grassy area, deck with decorative lighting and a storage building with carport. The opportunities are endless with this property. Income producing as VRBO or AirBNB. Call for an appointment today. The manager has listed the unit size as 1079 square feet.
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| Dec 7, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017