Lot 192 Melbourne Trail
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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 28, 2021 | Sold | ||
| Sold | |||
| Mar 28, 2021 | Listed by Williams Trew Real Estate | $44,000 | |
| Listed by Williams Trew Real Estate | |||
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Lake Views on Large Lot! Build your dream home on this elevated lot located in the gated Cliffs Resort at Possum Kingdom Lake. The lot is a quarter of an acre, faces northwest. This property is perfect for a home with a lake view and is conveniently located one block from the VIP marina. Enjoy all the amenities the Cliffs Resort has to offer including an 18-hole championship golf course, security, restaurant, bar, tennis courts, swimming pools, adjacent marina, spa, fitness center and a playground.
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14542236
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