181 Lake Point Road Road
About This Property
Mercer's Preserve private gated community. Spend your weekends fishing and boating. 1 bedroom, 1 bath with small kitchen, living area, long eating bar with drawers and storage, metal roof, water well with cover, aerobic septic system, floating boat ramp, fishing dock, brick firepit, chain link fence in back yard, porch on 2 sides, beautifully scattered oaks.
Take a look. You will love it. $168,500.00
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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 |
|---|---|---|---|
| Oct 23, 2025 | Sold | ||
| Sold | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Nov 25, 2024 | Listed by C Merworth Holdings, LLC | $168,500 | |
| Listed by C Merworth Holdings, LLC | |||
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Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20785694
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017