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About This Property
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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 4, 2026 | Listed by Keller Williams Heritage | $325,000 | |
| Listed by Keller Williams Heritage | |||
| May 1, 2025 | No longer available | - | |
| No longer available | |||
| Apr 15, 2025 | Price Decreased |
$305,000
↓ $20K
(6.2%) | |
| Price Decreased | |||
| Feb 12, 2025 | Price Decreased |
$325,000
↓ $30K
(8.5%) | |
| Price Decreased | |||
| Sep 7, 2024 | Listed by Watters International Realty | $355,000 | |
| Listed by Watters International Realty | |||
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Our homeowner wants to make your buyer's dream come true! Additional benefit our seller can offer to your buyer is: down payment assistance loan.** Welcome to this captivating 1.32-acre plot nestled in a coveted location with a fully unobstructed view of the lake! Surrounded by the serene beauty of Hill Country. Displaying a much more gradual slope than any of the other properties in the area makes this lot ideal for building your custom-built home. Imagine starting your day with a surreal view of Canyon Lake overlooking your back patio or terrace. The topography of this lot has the distinct advantage of being elevated, effortlessly providing breathtaking vistas that paint a new picture every morning. Set your imagination free and envision your custom home here, blending in harmoniously with the surrounding scenery. This property offers the perfect canvas for your custom home, allowing you to harmonize with the natural surroundings. Plus, the proximity to Mystic Shores Park and Boat Ramp, just under a mile away, gives you easy access to recreational opportunities. The HOA dues provide an array of amenities, including a clubhouse, tennis courts, a swimming pool, and a park/playground. Even more appealing, this exceptional property comes with No CITY TAXES! Don't miss the chance to build your sanctuary on this remarkable slice of heaven. Come visualize your dream home overlooking the scenic Canyon Lake, and make it a reality. With panoramic views, optimal location, and top-notch amenities, this opportunity is truly one you won't want to miss!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017