2515 Frontier Unit Road
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 22, 2025 | Sold | ||
| Sold | |||
| Jul 30, 2024 | Listed by Rowland Real Estate | $1,099,000 | |
| Listed by Rowland Real Estate | |||
| May 28, 2020 | No longer available | - | |
| No longer available | |||
| Apr 27, 2019 | Listed | $549,777 | |
| Listed | |||
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This is it! If you have been looking for a lake lot of the century, look no further. Sunset view on the widest part of Possum Kingdom Lake and no houses on other side due to State Park. Docks are permissible with 14-16' of water under them. Shared use of extended boat ramp. Retaining wall, rock and iron fence, pavestone driveway with 18'x26' garage or storage with electricity. Newer dock with electricity ran to end of pier. Sprinkler system in ground in yard next to lake, but is not hooked up. This lot has been in the family for almost 40 years, and you will not find another lot on this lake with sunset, dock permissible, and boat ramp, with this ease of lake access. Come soak in the breathe taking view!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017