16285 W County Road 189
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 |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$625,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Sep 16, 2026 | Price Decreased |
$640,000
↓ $19K
(2.9%) | |
| Price Decreased | |||
| Aug 14, 2026 | Price Decreased |
$659,000
↓ $16K
(2.4%) | |
| Price Decreased | |||
| Jul 22, 2026 | Price Decreased |
$674,999
↓ $15K
(2.2%) | |
| Price Decreased | |||
| Jun 24, 2026 | Listed by Keller Williams Realty Arlington | $689,900 | |
| Listed by Keller Williams Realty Arlington | |||
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On a waterfront corner lot on Lake Palestine, this 3-bedroom, 3-bath home features rustic charm paired beautifully with updated modern finishes. The spacious living room is anchored by a fireplace and large windows. The kitchen offers generous prep and storage space, and a reverse osmosis system, while a separate office provides the perfect flex space. In addition to waterfront access and a boathouse, you’ll find a detached garage/shop, complete with an engine service puller and water drain. The property is also equipped for RV owners with two hookups onsite. The boathouse also has an additional upper-level space that could serve as extra storage or a flex space. There’s also a storage shed with lean-to, a home generator, and hot tub - all conveying. Several recent updates include: a new bulkhead, a new septic pump, and a new mini splits in the guest bedrooms. Schedule your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017