15
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23111 Windy Valley RD
About This Property
This offering includes two separate lots, giving you flexibility rarely found at this price point: build a home on each lot individually, or combine them into one expansive parcel and build your dream home on the larger, unified homesite. Whichever path you choose, you'll enjoy generous ground space to bring your vision to life, no HOA to hold you back, and no commercial use restrictions - this is freedom to build on your own terms.
Electricity, sewer, and water are already available, making this rare creekside opportunity as convenient as it is captivating. Don't miss your chance to own a piece of paradise where dream homes come to life.
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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 2, 2026 | Listed by Watters International Realty | $225,000 | |
| Listed by Watters International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017