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16 Lake DR
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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 |
|---|---|---|---|
| Apr 1, 2025 | In contract | - | |
| In contract | |||
| Feb 25, 2025 | Listed by JPAR Round Rock | $1,275,000 | |
| Listed by JPAR Round Rock | |||
| Sep 16, 2024 | No longer available | - | |
| No longer available | |||
| Aug 17, 2024 | Price Decreased |
$1,275,000
↓ $75K
(5.6%) | |
| Price Decreased | |||
| Mar 22, 2024 | Listed by Pure Realty | $1,350,000 | |
| Listed by Pure Realty | |||
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Rare opportunity to enjoy peaceful country living on 2.5 Acres in the heart of Round Rock. Conveniently located off I-35, this property offers versatile use for residential or business purposes. No HOA. Only 7 minutes from downtown Round Rock. The custom-built two-story home offers a spacious floorplan, generous-sized rooms, and abundant closet space. A beautiful blend of comfort and elegant design. The main level includes a formal dining room, billiard room, central living room with a gas fireplace, eat-in kitchen with sleek white cabinets, and a laundry room with a walk-in closet. High ceilings, crown molding and wainscotting throughout. Large windows drench each room in natural light. As you approach, a grand circular driveway welcomes you home. The extended driveway and detached 3-car garage provides extra parking for guests. Entering the home, a stunning foyer boasts double height ceilings, a wide staircase, and a mosaic floor tile feature. The primary suite includes a large walk-in closet and front facing views. A massive primary bathroom incorporates a dual vanity, deep soak tub and walk-in shower. The billiard room with a bartop, kitchenette, and full ensuite bathroom could serve as a 4th bedroom, office or ADU. The two upstairs bedrooms both hold two separate double door closets. Three HVAC units allow for precise temperature control to the upstairs, downstairs, and primary suite. A covered walkway and mudroom/laundry room back entrance offer added convenience. The home is situated in the center of a sprawling lawn lined with mature trees. Relax and enjoy your view from covered wrap around porches in front and back. An ideal space for entertaining. Automatic Sprinkler System fully integrated. Roof fully replaced in February 2024. Property has its own well and two septic tanks in place. No Survey Available. *Buyer Responsible For Own Due Diligence Regarding Intended Use.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017