LOT 13 Private Road 2605
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 |
|---|---|---|---|
| Mar 11, 2023 | No longer available | - | |
| No longer available | |||
| Oct 14, 2022 | Price Decreased |
$375,000
↓ $25K
(6.3%) | |
| Price Decreased | |||
| May 10, 2022 | Price Decreased |
$400,000
↓ $85K
(17.5%) | |
| Price Decreased | |||
| Apr 8, 2022 | Price Decreased |
$485,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Mar 19, 2022 | Listed by EXP Realty, LLC | $495,000 | |
| Listed by EXP Realty, LLC | |||
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This 1 ACRE lot on Medina Lake is called "Grande Vista" in the Brandon Cove subdivision one of the highly coveted GATED NEIGHBORHOODS. This 1-acre lot has been recently cleared to build your dream house on the deepest-water portion of Medina Lake and crush stone to easily drive into the property. Enjoy sunsets and sunrises every day of your life overlooking the blue/ green the beautiful water of your private waterfront. Enjoy approximately 130 feet of waterfront on Medina Lake! This gorgeous property is fenced on three sides and the floating boat house will convey. Please check with the HOA for current fees and exact number of residents and property owners. The HOA has restrictions in place for your enjoyment and protect your investment. You can build a new boat dock and stairs to your private waterfront or use the HOA access to the waterfront.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017