1651 Cedar Crest Loop
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 6, 2025 | Sold | ||
| Sold | |||
| Feb 2, 2025 | In contract | - | |
| In contract | |||
| Nov 30, 2024 | No longer available | - | |
| No longer available | |||
| Nov 30, 2024 | Listed by Century 21 Mike Bowman, Inc. | $1,100,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
| Sep 6, 2024 | Listed by Possum Kingdom Real Estate | $1,100,000 | |
| Listed by Possum Kingdom Real Estate | |||
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PRIME LAKE LOCATION. Huge pristine views of Possum Kingdom Lake's most famous natural habitats and Palo Pinto Mountains across huge open lake! Over 30 feet deep under Covered Boat Dock. Panoramic views from large windows inside this charming 3 Bedroom 2 Bathroom Cabin with relaxing covered porch. Guests will love Outdoor Gourmet Kitchen featuring top of the line Grill, Bar Fridge, Sink, Griddle, Double Burner, an Alfresco Versa Cooker, & Smoker, with plenty of Bar Seating, plus Dining Area. The Enclosed Boat House with Rail System is so convenient to store your boat and lake toys. The Workshop has tools, and equipment that may also convey with an acceptable Offer. This is the BEST of Lake Living at PK, and a wonderful place to enjoy the spectacular PK sunsets. Perfect turnkey furnished property for Short Term Rentals on the popular Peninsula with restaurants, marinas and shops. See the tour by visiting CEDARCRESTPK. C O M
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017