21227 NE 51ST Avenue
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 |
|---|---|---|---|
| Nov 18, 2025 | Listed | $314,990 | |
| Listed | |||
| | |||
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Discover this unique 2-story estate on 2.48 acres with 100 ft of private lake frontage right on Lake Elizabeth! Surrounded by century oaks and pines, this property features 4 BR/3.5 BA, a NEWER 2019 ROOF, two master suites, a screened front porch, a spacious kitchen and a large back deck ideal for all types of entertainment. That’s not all, as the home also comes with a private pond with a gazebo and a fountain, a versatile office/studio room, and a ballroom. Offering total privacy yet only 20 minutes to Gainesville, this is a rare retreat you won’t find anywhere else, especially for this price! Bring your creative vision and help restore this gem back to its full potential!
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| Jun 4, 2020 | Sold | ||
| Sold | |||
| Jul 31, 2019 | Listed by CB ISAAC REALTY | $255,000 | |
| Listed by CB ISAAC REALTY | |||
| May 7, 2019 | Sold | ||
| Sold | |||
| Mar 22, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017