304 Rike Road
About This Property
Seller will consider owner financing with sizable down payment.
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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 |
|---|---|---|---|
| Oct 8, 2026 | Listed by KW-Cedar Creek Lake Properties | $236,000 | |
| Listed by KW-Cedar Creek Lake Properties | |||
| Oct 6, 2026 | No longer available | - | |
| No longer available | |||
| Jul 2, 2026 | Price Increased |
$236,000
↑ $7K
(3.1%) | |
| Price Increased | |||
| Mar 31, 2026 | Price Decreased |
$229,000
↓ $20K
(8%) | |
| Price Decreased | |||
| Dec 3, 2025 | Listed by KW-Cedar Creek Lake Properties | $249,000 | |
| Listed by KW-Cedar Creek Lake Properties | |||
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New, built-in 2026 home in the highly sought-after Mabank ISD featuring three spacious bedrooms and two modern bathrooms. This residence boasts a bright, open-concept design with nearly 1,400 square feet of thoughtfully designed living space. Highlights include a beautiful fireplace, a kitchen with ample cabinetry and workspace, and quartz countertops. The fenced yard includes a front patio-carport. The primary suite offers a large walk-in closet and an oversized shower for your comfort and convenience. The home's location provides a short walking distance to the local elementary school and quick access to major routes 198 and 175, ensuring an easy daily commute.. Don't miss this opportunity.
Seller will consider owner financing with sizable down payment.
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About Mabank
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017