28
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255 Mitchell Road
About This Property
Inside, the residence offers the ease of one-level living, making it ideal for full-time use, seasonal stays, or a low-maintenance getaway. Large windows frame the lake, filling the home with natural light and keeping the water in view throughout the day. The layout is practical and comfortable, with space to relax, entertain, and enjoy the peaceful setting.
The property includes a detached garage, perfect for storing vehicles, boats, fishing gear, or outdoor equipment. The expansive lot provides generous waterfrontage and offers potential for subdivision, giving future owners flexibility for expansion, investment, or additional development
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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 |
|---|---|---|---|
| Sep 5, 2026 | Price Decreased |
$399,000
↓ $26K
(6.1%) | |
| Price Decreased | |||
| Jul 19, 2026 | Price Decreased |
$424,900
↓ $74K
(14.9%) | |
| Price Decreased | |||
| May 8, 2026 | Listed by Garlock Realty | $499,000 | |
| Listed by Garlock Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017