15412 Cedar Bay Drive
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 4, 2025 | Sold | ||
| Sold | |||
| May 11, 2025 | In contract | - | |
| In contract | |||
| Jan 27, 2025 | Listed by Staples Sotheby's Internationa | $213,750 | |
| Listed by Staples Sotheby's Internationa | |||
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Well maintained 3 bedroom, 2 bath home in Cedar Bay in Bullard. Home has a fenced in yard and backs up to a large pasture. Front porch and backyard patio provide for great outdoor space to have a cup of coffee or entertain. 2 bay carport and easy access to the Lake Palestine Marina. Several upgrades including stainless steel appliances (including refrigerator),white slat blinds, new granite, new covered concrete porch, new chain-link fence, new flooring, new water heater (2025), new roof (2024) and septic tank recently cleaned and pumped (2024). No HOA!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017