21814 Michael Drive
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 |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| May 30, 2025 | In contract | - | |
| In contract | |||
| May 22, 2025 | Listed by KSP | $685,000 | |
| Listed by KSP | |||
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Tucked into the natural beauty of the Piney Woods, this stunning 4+ acre property offers privacy, character, and luxurious updates throughout. Nestled on a sloping ravine, the home is surrounded by majestic trees and features a wrap-around porch, perfect for morning coffee or evening sunsets. Inside, rustic charm meets modern design with Z-Line Autograph Edition appliances, custom black onyx-stained white oak cabinetry, and leathered granite countertops in the kitchen. Hand-scraped hardwood floors, sourced locally, add warmth and authenticity. Bathrooms feature Cle Tile, granite counters, and white oak vanities, while bedrooms offer new carpet and peaceful views. Additional upgrades include new siding and paint, black-framed picture windows, and a spacious workshop with attached carport and guest house potential. Curated furnishings may also convey with the sale, offering a turnkey opportunity to step into this peaceful East Texas retreat and instantly feel at home.
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| Sep 5, 2024 | No longer available | - | |
| No longer available | |||
| Aug 18, 2024 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017