19381 Ponderosa Drive
About This Property
Ideal for investors seeking potential, this property presents a rare opportunity. While the existing 3-bedroom, 1-bathroom home requires some TLC, the true value lies in the land and the breathtaking lake views that await. Imagine waking up to the serene beauty of Cedar Creek Lake every morning, making each day a retreat into nature.
Seize the chance to make this property yours today and embark on a journey of transforming this hidden gem into a place of joy, relaxation, and boundless possibilities. Don't miss out on the chance to own a piece of Bonanza Beach tranquility with endless potential.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 16, 2024 | Sold | ||
| Sold | |||
| Jan 2, 2024 | Listed by Quality Choice Solutions, LLC | $99,000 | |
| Listed by Quality Choice Solutions, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017