228 N Lake 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 |
|---|---|---|---|
| May 5, 2022 | Sold | ||
| Sold | |||
| Jan 3, 2022 | Listed by JLA Realty | $338,500 | |
| Listed by JLA Realty | |||
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Home has been remodeled with tons of amenities. This home lies in Zone "X". This home is in East Chambers ISD; the new buyer will love living on a private lake just minutes from I-10; centrally located from Baytown, Port Arthur and Beaumont. This amazing recreational property has so much to offer the family. You have a private pier to fish from; private 16'x20' deck overlooking the lake; 20'x20' lake side gazebo. The 1,260 sq.ft. shop for storing all your goods; RV storage with electrical hook up. The new buyer will enjoy the view of the beautiful sunsets. Kitchen features granite countertop; LG appliances (Refrigerator, microwave, range/oven); tile flooring. Family room has high ceiling; tile flooring; lots of windows for natural light; with a great view of the lake. The master bedroom has wood tile flooring and entering into your private office with a great view of the lake. TV's, washer, dryer; Aqua System stay. MOTIVATED SELLER.
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| May 7, 2021 | Sold | ||
| Sold | |||
| Feb 3, 2021 | Listed by RE/MAX Eastside | $385,000 | |
| Listed by RE/MAX Eastside | |||
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Come enjoy living on a private lake just minutes from I-10. Centrally located from Baytown, Port Arthur and Beaumont. Home offers recently updated kitchen cabinets with matching appliances. Custom mantle on the new faux stone fire place. Catch a variety of fish from your private pier. View beautiful sunsets from the private 16' x 20' deck overlooking the lake. Entertain family and friends under the large 20' x 20' lake side gazebo. Enjoy your favorite hobbies in the enormous workshop. Relax with your favorite book in the second living area with a great view of the lake. RV storage with electrical hook up.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017