71
Map
1243 Hammermill
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 19, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 21, 2024 | Listed by Real | $899,000 | |
| Listed by Real | |||
| Jun 19, 2024 | No longer available | - | |
| No longer available | |||
| May 10, 2024 | Price Decreased |
$995,000
↓ $55K
(5.2%) | |
| Price Decreased | |||
| Apr 8, 2024 | Listed by Keller Williams Heritage | $1,050,000 | |
| Listed by Keller Williams Heritage | |||
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Experience breathtaking sunsets over Canyon Lake from this charming lakefront residence nestled among the treetops of numerous century-old live oak trees. Situated on a sprawling 1.5-acre property, this home offers boundless opportunities for entertainment and can comfortably accommodate up to 14 guests. The main house boasts stunning Saltillo tile flooring throughout, with the expansive living area and kitchen located on the upper level, providing sweeping views. Below, the private quarters comprise two suites with access to a spacious outdoor patio among the trees. Additionally, there's a bunkhouse featuring four bunk beds and a double bed, complete with two full bathrooms. Both structures are equipped with energy-efficient mini-split heating and cooling systems, ensuring minimal utility costs. Water is supplied by the city, with a rain-water catchment system available as well. Short-term rentals are allowed in this community and this home has a current STR permit in place. The buyer also has an option to buy the adjacent 1.5-acre lot. Enjoy the waterfront access with leisure walks to Canyon Lake for a refreshing dip in its beautiful blue waters, just a short stroll from the house. Conveniently located to walking and riding trails, boat ramps, restaurants, retail, and entertainment! Short-term rentals are allowed and the home is currently on the short-term rental market and can be sold fully furnished! The manager has listed the unit size as 2261 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017